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F&M Coronavirus Information Center

Updated March 19, 2021
NEW – Stimulus Relief for Restaurants & Bars – The American Rescue Plan Act of 2021 (ARPA) designates $28.6 billion to create a Restaurant Revitalization Fund to be administered by the U.S. Small Business Administration (SBA).  The legislation creates the funding, but the SBA will need to establish an application and approval process and detailed documentation requirements. More information may be found here

Economic Impact Payments

The House and Senate recently passed the American Rescue Plan Act of 2021, providing a third round of Economic Impact Payments (EIP) for COVID-19 relief. The IRS direct deposits are expected to start arriving as soon as the week of March 15, 2021 and most people will receive these payments by direct deposit. Anyone who received the first or second round of payments earlier this year but doesn’t receive a payment via direct deposit will generally receive a check, or in some instances, a debit card.

  • The IRS emphasizes that there is no action required by eligible individuals to receive this third payment
  • Some Americans can expect to start receiving funds beginning March 17, 2021. However, not everyone will receive stimulus payments from the U.S. Treasury at the same time.
  • The payments are automatic. You should not need to contact the IRS or the bank with payment timing questions. 
  • The IRS has a "Get My Payment" tool that can be used to track your payment status and confirm your payment type (direct deposit, check or debit card).

We encourage you to utilize our deposit alert feature within online banking and mobile banking so that you will be instantly notified when a direct deposit hits your account.  If you need assistance setting up this feature, please contact us.

Fraud Prevention

If you receive unsolicited emails, text messages or social media attempts to gather information that appears to be from the IRS or an organization linked to the IRS, please forward the information to [email protected]

Be Alert for COVID Stimulus Scams!

The Federal Trade Commission reminds Americans to keep in mind the following:   

  • No government agency will ask you to pay anything up front to get your stimulus check. “Anyone who does is a scammer,” the FTC says. 
  • The government also won’t call, text, email, or contact you on social media to ask for your Social Security, bank account, or credit card number.   
  • You cannot get your money earlier or faster through third parties. “Anyone who says they can hook you up now (or soon) is both lying and a scammer,” the FTC says. 
  • Visit the FTC Coronavirus Advice for Consumers webpage for additional tips. 

The money could arrive via direct deposit, a paper check, or an Economic Impact Payment debit cards.  

If you receive an EIP card, don’t throw it away! The cards created much confusion last May, when many consumers believed their card to be fraudulent or a solicitation and discarded it. They later had difficulty getting a new card without the card number and had other problems.

For more information on fraud prevention, please visit www.ftc.gov 


Updated on Monday, June 29

At F&M Bank, we place the utmost priority on the safety and welfare of our clients and staff.  We are proactively following news regarding the Coronavirus Disease 2019 (COVID-19) and are taking measures to keep you safe while providing you with access to vital banking services.  The purpose of this page is to provide you with current information on these efforts.

Please let us know if you have any questions or need assistance.  We promise to do our utmost to help you.  As always, thank you for the opportunity to serve you, and for your continued support --- it means the world to us!


Page Index Links:

Locations Access List

UPDATED 6/29/2020 – While we are pleased to serve customers in our lobbies once again, the safety and health of our clients and employees remains our priority as we follow guidance from the Illinois Department of Public Health and the CDC.

In order to provide the safest environment possible, we encourage those with routine transactions to continue the use of our drive-ups and walk-ups. Also, our electronic banking services remain available around the clock, including Mobile and Online Banking. As always, we are available to meet with customers by appointment.

NEW HOURS – Effective June 29, 2020

Galesburg Main Street Office, 21 E. Main St., Galesburg – (309) 343-7141

Lobby Hours

Monday – Thursday 9:00 a.m. – 4:00 p.m.
Friday 9:00 a.m. – 5:00 p.m.

Saturday – CLOSED

Drive-up Hours

Monday – Thursday 8:00 a.m. – 5:00 p.m.

Friday 8:00 a.m. – 5:30 p.m.

Saturday 9:00 a.m. – noon


Galesburg Henderson Street Office, 1230 N. Henderson St., Galesburg – (309) 344-3700

Lobby Hours

Monday – Friday 9:00 a.m. – 5:00 p.m.

Saturday 9:00 a.m. – noon

Drive-up Hours

Monday – Friday 8:00 a.m. – 5:30 p.m.

Saturday 9:00 a.m. – noon


Galesburg Seminary Square Office, 2616 Veterans Dr., Galesburg – (309) 344-3232

Lobby Hours

Monday – Friday 9:00 a.m. – 5:00 p.m.

Saturday 9:00 a.m. – noon 

Drive-up Hours

Monday – Friday 8:00 a.m. – 5:30 p.m.

Saturday 9:00 a.m. – noon

Brimfield Office, 123 E. Knoxville St., Brimfield – (309) 446-3344 

Lobby Hours

Monday – Thursday 9:00 a.m. – 4:00 p.m.

Friday 9:00 a.m. – 5:00 p.m.

Saturday CLOSED

Drive-up Hours

Monday – Friday 9:00 a.m. – 5:00 p.m.

Saturday 9:00 a.m. – 11:00 a.m.


Peoria Office, 4900 N. Glen Park Place, Peoria, IL – (309) 683-2881

Lobby Hours

Monday – Friday 8:30 a.m. – 4:30 p.m.

Saturday – CLOSED

Here is what you can expect when visiting our lobbies: 

For your continued safety and security, as well as that of our clients, employees and the public, this is what you can expect as the new normal at all of our locations:

  • The number of customers allowed in our lobbies at the same time is limited.
  • Face masks are required to enter the bank. For identification purposes, you will be asked to provide a state-issued photo I.D. and briefly pull down your mask.
  • Hand sanitizer stations are available throughout the bank for customer use.
  • Floor decals are used to encourage social distancing.
  • Plexiglass partitions are used where direct interaction takes place.
  • Hand shaking, as a way to greet another person, is temporarily discontinued.
  • Coffee and hospitality service, where previously available, is discontinued.
  • Call-ahead appointments are recommended for any bank services beyond standard teller window service.
  • Public restrooms are not available.
  • If you do not feel well, please stay home and take advantage of phone or online services. Our staff is ready to serve you from the convenience of your home.

We appreciate your patience and understanding during this time. Welcome back!

Business Relief and Other Resources

Small Business Administration (SBA)

UPDATED 6/19/2020 – The U.S. Small Business Administration, in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020. In addition to revising the full forgiveness application, SBA also published a new EZ version of the forgiveness application that applies to borrowers that:

  • Are self-employed and have no employees; OR
  • Did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number or hours of their employees; OR
  • Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25%.

The EZ application requires fewer calculations and less documentation for eligible borrowers. Details regarding the applicability of these provisions are available in the instructions to the new EZ application form. 

Both applications give borrowers the option of using the original 8-week covered period (if their loan was made before June 5, 2020) or an extended 24-week covered period. These changes will result in a more efficient process and make it easier for businesses to realize full forgiveness of their PPP loan.

Click here to view the EZ Forgiveness Application. Click here for instructions.
Click here to view the Full Forgiveness Application. Click here for instructions.

Additionally, you now have 24 weeks to satisfy the 60% payroll, 40% utility costs – to achieve 100% forgiveness on your PPP loan. If a change in terms is needed, your lender will be reaching out to you.

At this time, there is no process or guidance from the SBA for submitting the forgiveness forms so any forms received will not be processed until that guidance is announced. We will continue to keep you updated as we receive information.


UPDATED 6/09/2020 – As expected, Congress passed legislation for the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) Reform Law that changes some of the requirements and allows more flexibility for small business owners.  While further guidance and clarification from the SBA and Treasury is likely, the Paycheck Protection Program Flexibility Act of 2020:

  • Extends from eight to 24 weeks the amount of time borrowers have to spend PPP funds while remaining eligible for forgiveness.
  • Lowers the amount that must be spent on payroll costs from 75 percent to 60 percent, though there is no forgiveness if payroll is less than 60 percent.
  • Extends to Dec. 31 the period in which employers may rehire or eliminate a reduction in employment, salary, or wages that would otherwise reduce the forgivable loan amount.
  • Replaces the six-month deferral of payments due under PPP loans with deferral until the date on which the amount of loan forgiveness is remitted to the lender.
  • Establishes a minimum maturity of five years for new PPP loans as opposed to the current two-year maturity date.
  • Eliminates a provision that makes PPP loan recipients who have such indebtedness forgiven ineligible to defer payroll tax payments.

Small-business borrowers should have a firm understanding of the provisions above and any related guidance to ensure they meet the criteria for loan forgiveness.  The SBA has issued an application for loan forgiveness but there is ongoing discussion that the application may be simplified in the near future. We will continue to watch for any updates on this and notify you as soon as we receive any guidance.

UPDATED 5/20/2020 – The Small Business Administration (SBA) has issued a press release that contains information on the loan forgiveness application for everyone participating in the Paycheck Protection Program (PPP).  To apply for forgiveness of your Paycheck Protection Program (PPP) loan, the Borrower is required to complete this application as directed in the instructions, and submit it to your lender. The application and instructions can be found here: PPP Loan Forgiveness Application. You may apply for your loan forgiveness 8 weeks after the date of your loan disbursement.

UPDATED 4/27/2020 – Paycheck Protection Program  A second round of PPP funding, in the amount of $310 billion, was approved by Congress this past week and signed by President Trump on Friday, April 24.  Applications will be accepted by the SBA beginning Monday, April 27.  Funding is expected to be exhausted very quickly, as was the case for the $349 billion first round.  More information on the Paycheck Protection Program including forgiveness requirements can be on the US Small Business Administration website.  

UPDATED 4/21/2020 – The $349 million allotted for the Payment Protection Program to help small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead was exhausted late last week. However, all indications are that Congress will soon pass legislation to open up a new round of stimulus funds for the Payment Protection Program.  The most recent news is that this legislation will pass this Wednesday (tomorrow). If you weren’t able to get your application in before the initial funds were exhausted and are still interested in applying for funds, please submit your application to us as soon as you can so we can be prepared to apply for the PPP loan on your behalf.  More information on the program can be found on the Treasury Department website and the U.S. Small Business Association (SBA) website.

UPDATED 4/17/2020 – The Save Small Business Fund is an initiative of the U.S. Chamber of Commerce Foundation and is made possible by the generosity of their partners. This fund is a collective effort to provide $5,000 grants to as many small employers as possible. The application process begins on Monday, April 20, 2020 and details on qualification and how to apply can be found here


State Illinois Assistance

Small business assistance is also available through the Illinois Department of Commerce and Economic Opportunity. For details click here.

Economic Impact Payment Information for Consumers

UPDATED 4/14/2020  The IRS has announced a "Get My Payment" tool this week that can be used to track your payment status and confirm your payment type (direct deposit or check). Our Online Mobile Banking are currently experiencing latency issues due to the amount of people attempting to check their accounts for stimulus deposits. Thank you for your continued patience as we work through the process and in the meantime, please utilize the IRS tool listed above to check your status.

UPDATED 4/10/2020 – With the first round of CARES Act direct economic impact payments expected to be issued as soon as next week, The American Bankers Association has created a new educational resource for consumers.‌This resource provides the answers to several commonly asked questions including how much individuals can expect to receive based on their income, when they can expect to receive payment, whether payments can be received electronically, what they can do if they do not have a bank account, how to avoid fraud and more. The FAQs can be found here will be updated as more information is released by the Treasury Department. 


Event Cancellation List

Ambassador Club Events:

  • Club Events for May  have been canceled.