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ARCHBOLD, Ohio, April 24, 2024 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) announced that Mark Hutchinson has joined F&M as Treasurer. In this new position, Hutchinson will oversee certain financial operations including budgeting, planning, investing and other financial matters for the Bank.
Notwithstanding some headwinds from funding cost pressure, Farmers & Merchants Bancorp continues to enjoy stable earnings and profitability. Non-interest-bearing deposits have stabilized, while interest-bearing deposit cost growth is likewise moderating. Credit quality remains excellent. With the shares now below 1.4x tangible book value, the stock trades at its lowest premium in a long time, e...
ARCHBOLD, Ohio, March 19, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of F&M Bank, with total assets of $3.28 billion at December 31, 2023, today announced that it has approved the Company's quarterly cash dividend of $0.22 per share, which is a 4.8% increase over the 2023 first-quarter dividend. The first quarter divi...
Farmers & Merchants Bancorp is a quality bank trading at a relatively cheap valuation. The bank operates mainly in the mid-Central Valley of California and the east region of the San Francisco Bay area. The bank has a positive track record of growing its assets and profits, with a strong capital position and attractive shareholder remuneration policy.
ARCHBOLD, Ohio, March 05, 2024 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today announced the promotion of Kevin Becker to Senior Vice President and Chief Credit Officer. Lars Eller, President and Chief Executive Officer stated, “We are thrilled to announce the promotion of Kevin Becker to Chief Credit Officer, a ...
ARCHBOLD, Ohio, Jan. 29, 2024 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), today announced a brand ambassador partnership with recently drafted Atlanta Braves outfielder Kade Kern.
ARCHBOLD, Ohio, Jan. 24, 2024 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today announced the retirements of Rex Rice, EVP & Chief Lending Officer and Benét Rupp, EVP & Chief Administrative Officer. Rice will remain in his role until March 1, 2024. Rupp will remain in her role until March 22, 2024. F&M also announc...
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