As of October 1, 2021, Perpetual Federal Savings Bank was acquired by Farmers & Merchants Bancorp, Inc. Perpetual Federal Savings Bank provides financial products and services in Ohio. The company accepts various demand, savings, and time deposits. It also offers checking and savings accounts, certificates of deposits, and various IRA accounts. In addition, the company provides mortgage loans secured by one to four-family residential properties, commercial and multi-family real estate loans, construction or development loans, consumer loans, and commercial business loans, as well as mortgage refinancing. It operates through its office in Urbana, Ohio. The company was founded in 1878 and is based in Urbana, Ohio.