F&M’s Local Promise

The team at F&M Bank is our greatest asset. We support a working environment where family and community come first, and we encourage our associates to support local non-profits and community outreach programs they’re passionate about. F&M Bank generously contributes time and resources to our community, and today, our commitment has never been stronger.

What We Do Differently

F&M advocates for its community partners by providing superior high-yield interest rates, and ongoing mission support. Local Promise, in partnership with the Association of Fundraising Professionals, supports 501(c)(3) corporations and all nonprofit organizations with free training, networking, information sharing, and expanded outreach that you actually need.

Local Promise Deposit Account Package

Convenience Services Unlimited check writing, unlimited monthly transactions, weekend and overnight deposits, and free checks!

Time-Saving Technology Free online bill pay, Mobile and Text* Banking. Receive funds with Person-to-Person (P2P) Payments.

Treasury Management Free Payroll, ACH Origination, and Remote Deposit Capture.

Merchant Services Receive discounted interchange rates for Visa, MC, and Discover purchases, and we waive your setup fee.

Insured Cash Sweep (ICS) Access multimillion dollar FDIC coverage for all of your funds, at one financial institution.

Free Wealth Management Consultation from F&M Bank Financial Services 529 Employer Sponsored Plan.**

Financial Education Programming from F&M’s Community Classroom. A to Z banking knowledge with convenient online modules.

$500 off Closing Costs Proof of nonprofit board or staff affiliation must be provided. Loan must close with F&M Mortgage. Offers cannot be combined; credit is given at closing on Closing Disclosure.

  • Tier 1 Yield
  • $1,000-$9,999
  • .15 % APY***
  • Tier 2 Yield
  • $10,000-$99,999
  • .50 % APY
  • Tier 3 Yield
  • $100,000-$249,999
  • .70 % APY
  • Tier 4 Yield
  • $250,000 +
  • 1.00 % APY

Interested in opening a business non-profit checking account? Visit one of our convenient locations in Augusta, Page, Rockingham and Shenandoah counties or in the cities of Harrisonburg and Staunton to speak with a member of our team.

* Standard messaging rates may apply, please check with your mobile carrier. ** Insurance products are not deposits or other obligations of, or guaranteed by a depository institution or its affliates, and are not insured by the FDIC or any other agency of the United States, a depository institution or its affliates. May lose value. ***Annual Percentage Yield.

Have Questions? Get In Touch

540-896-8941
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