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Farmers & Merchants Bank

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Farmers & Merchants Bank

History:

he Farmers and Merchants Bank is a family owned, chartered institution with branch locations in eleven communities in Southeast Nebraska, and one hundred thirty employees. Country Bank Shares, Inc., the holding company, was formed in 1989 with the purpose of consolidating some of the independent banks that the Dunlap family owned.

Country Bank Shares, Inc., got its start when M.W. Dunlap purchased the Farmers State Bank in Douglas, NE, in 1921. From that small bank in that small town, four of Maynard and Helen Dunlap’s sons began banking careers that have grown far beyond most people’s expectations. The eldest son, G. Alan Dunlap, worked with his father at Douglas, attended Harvard, worked at one of the large Lincoln banks and then, when the Dunlap family purchased the Farmers and Merchants Bank in Milford, took over the management of this, their first acquisition.

From that point the family continued to purchase banks including:
Home State Bank, Beaver Crossing, in 1959
Bank of Palmyra in 1956
Cooperative Bank in Cordova in 1984
Bank of Panama (purchased as a branch of Farmers State Bank, Douglas) in 1985
Nebraska State Bank, Weeping Water in 1990
State Bank of Firth in 1992
Bank of Wilber in 1995
Security National Bank of Superior in 1998 with offices also in Lawrence, and Jansen, Nebraska.
Kearney State Bank and Trust in 2007

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