How long has EverBank been around?
F&M Bank (historically known as The Farmers & Merchants State Bank) has been in business for well over a century, having originally opened its doors as a single-room operation in Archbold, Ohio, in the year 1897. Throughout a history spanning more than 125 years, the institution has successfully transitioned from a private local bank into a state-chartered community bank and eventually a publicly traded financial holding company. By prioritizing stable management, exceptional customer care, and steady regional expansion through strategic branch openings and acquisitions across Ohio, Michigan, and Indiana, it has grown its assets past the multi-billion-dollar mark while maintaining its core hometown values.
Related FAQs
Yes, EverBank is a legitimate, federally regulated financial institution in the United States. It operates as a well-established bank offering a full suite of services, including checking, savings, and certificate of deposit accounts.
Deciding whether EverBank or Ally is "better" depends on your specific financial priorities, as both are highly regarded online-focused banks that offer competitive rates and low-fee structures.
There is no indication that EverBank is in financial trouble. As a regulated US financial institution, it maintains a transparent profile, publicly disclosing its financial status, including its asset and deposit levels.
Funds deposited with EverBank are exceptionally secure, as the institution operates as a fully chartered, FDIC-insured commercial bank subject to strict federal regulatory supervision in the United States.