• Main Office: (706) 846-8415
  • Loan Production Office: (706) 660-6877
Banking on Experience

Business Banking

Growing your business?  Let F&M help you with our many services catered to small businesses.  Start off with one of our business checking accounts catered specifically to your needs.


Account Name Minimum Opening Deposit Monthly Service Charge Minimum Balance to Avoid Service Charge Interest Bearing
Business Checking $500 $10, if minimum balance, is not met $500 No
Business Interest Checking $1000 $10, if minimum balance is not met $1000 Yes
Business Platinum $2500 $10, if minimum balance is not met $2500 Yes


Beneficial Ownership


In May 2016, the U.S. government passed a new regulation regarding the beneficial ownership of legal entity customers. Going forward, it will be mandatory for all financial institutions to comply with this regulation by identifying the ultimate beneficial owner(s) and a controlling person of a legal entity customer opening or maintaining an account.

In compliance with this new regulation, Our Bank will collect beneficial ownership information from legal entity customers starting in May 2018. This means that any time an account is opened or maintained for a legal entity, we will request information that identifies the ultimate beneficial owner(s) and controlling person of the legal entity. The required identifying information includes name, address, date of birth, identification number, and other information that will help identify those individuals. This information will need to be collected whether or not the person identified is a customer at our Bank. This information will also be collected for existing legal entity customers who establish or maintain accounts once this new regulation is implemented at Our Bank beginning May 2018.

While we understand the information requested is personal and sensitive, we need to obtain this information to comply with the law. As always, we will treat all information collected with the utmost care. All information will be stored securely and handled with the same standard of privacy that we have always maintained.

What you need to know about Beneficial Ownership

  • The new regulation impacts all legal entities opening or maintaining account at any financial institution.
  • Legal entities will need to identify and attest to all ultimate beneficial owner(s) that meet specific requirements as well as a controlling person (e.g., Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President or Treasurer)
  • Our Bank will collect information regarding the ultimate beneficial owner(s) and control person of legal entities whether or not they have a personal relationship with the financial institution.

We appreciate your business and are committed to providing you with extraordinary service for years to come.