Farmers and Mechanics Federal Savings

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Farmers and Mechanics Federal Savings
225 E. Main St.,
Bloomfield, IN 47424
Phone: (812) 384-4473


Farmers and Mechanics Federal Savings was organized on April 14, 1892 in Bloomfield, Indiana by a number of civic-minded individuals interested in the betterment of Bloomfield, through thrift and homeownership.

The Association has had various homes around the town square in Bloomfield over the last 110 years. In 1892, the Association started business in the office of Marion J. Timmons, a local abstractor, who was the Association's first Secretary. As the Association grew, so did the need for space. After the Elmora Hotel building was constructed in 1900-1901 on the northwest corner of the town square, the Association was moved to a street level office of the Elmora Hotel and carried on its business there until 1916. The Association then relocated across the street in the northwest corner office of the Richland Building located on West Main Street until 1923. In that year, the Association purchased a building at 123 South Franklin owned by George E. Kidd who had originally built the building as a modern funeral home. In the year 2002, that building is owned and occupied by the Jordan-Vaught Insurance Agency. In 1940 the Association purchased the former Citizens Bank Building at 12 East Main Street on the north side of the town square where it continued operations until 1988. It then moved to its new home office, which was built at 225 East Main Street and is now known as the Farmers and Mechanics Federal Savings and Loan Association. The former office at 12 East Main Street was sold to the Town of Bloomfield in 1990 and is currently the Bloomfield Town Hall.

In the summer of 1973, the demand placed on the Association by mortgage loan customers from Bloomington and Monroe County increased substantially. In September of 1978, a branch office of Farmers and Mechanics was built and opened for business at 3535 West Third Street for the convenience of our Monroe County customers.

The employees who work for the association, as evidenced by the tenure of their employment, must have found, for the most part, that the Association has provided them over the years with secure and stable employment with benefits at or above those found in the surrounding marketplace. A very high majority of our employees are local residents and are known by their customers to be honest and trustworthy.

We believe that our business relationship with our customers works best for both concerned if we do business with those customers who have lived, or are living within, the counties of Greene and Monroe in Indiana. From a community reinvestment standpoint, a majority of the funds that are entrusted to our care should be reinvested in the communities that we serve.

We strive to provide our customers with modern, up-to-date technology. We are pleased to provide our customers with the convenience of Internet Banking/Bill Pay. With the widespread use of personal computers across a wide spectrum of ages, having your financial affairs at your fingertips is another technology tool that has now become commonplace. We endeavor to grow with the times.

Our goal at Farmers and Mechanics Federal is to retain the confidence and esteem of our valued customers and community.

Our vision is to incorporate proven, modern technology with traditional, time-honored values that are never out-of-date.