Located in Scotland, South Dakota, the Farmers and Merchants State Bank was chartered and began operations on September 7, 1920. The bank is located in its original location built in 1919 at 550 Main Street. The structure was extensively remodeled in 1972 with an addition being added in 1991 along with interior updates. Farmers and Merchants State Bank currently has ten staff members with six board members. The board and staff are proud to be an independent community bank for 90 plus years strong!