F&M Bank and Trust Company is a family-owned institution founded in 1947 by Mr. Elmer Loftin with a vision of creating a bank that offered competitive products delivered with superior customer service. Years later, we strive to continue to fulfill this vision. As the bank nears its 75th anniversary, the bank remains a family-owned community bank and is now the only locally owned bank in Manchester.  The bank’s asset size has grown to over $80 million and, in 2020 and 2021, we were fortunate to be able to provide pandemic assistance to our customers and other businesses as a lender in the Paycheck Protection Program (PPP) through the Small Business Administration (SBA).  In total, the bank made over $18 million in PPP loans.

Mr. Loftin’s grandson, Allen Parham, II, was recently named Chief Executive Officer and President, after serving several years as Chief Lending Officer and President.  Mr. Parham also serves on the Board of Directors of F&M Bank and Trust along with other family members Jaynie Nesmith, Lynley Hipps, and Patrick Wasden, who serves as Chairman of the Board.  Recently, Laura Swetnam joined the board after retiring from the bank with over 36 years of service as Chief Financial Officer and other various positions.

F&M Bank serves not only the city of Manchester and Meriwether County, but also Talbot, Harris, Muscogee, and Troup Counties in Georgia as well as Russell and Lee Counties in Alabama. F&M Bank’s main office in Manchester maintains a full-service lobby and drive through facility.  If you are not currently an F&M customer, we invite you to join our family of customers and experience the difference.