Farmers & Merchants Bancorp Celebrates Retirement of Board Chairman Jack Johnson
May 21 2024 - 11:30AM
F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by
Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) announces the
retirement of Board Chairman, Jack Johnson.
Mr. Johnson was appointed to the Company’s Board
in January 1991. He was Vice Chairman from April 2013 to July 2013
and became Chairman of the Board of Directors on July 19, 2013, a
position he held until April 30, 2024. An official celebration of
his retirement from the board was held on May 21, 2024, after
reaching the maximum age requirement as outlined in F&M’s
bylaws.
Lars Eller, President and Chief Executive
Officer, commented, “Over his remarkable tenure, Jack has been
instrumental in guiding the Bank through significant growth and
numerous milestones. His steadfast leadership and unwavering
commitment to F&M’s mission have left an indelible mark on the
institution and the community it serves. On behalf of everyone at
F&M, I want to thank Jack for his three decades of dedicated
service and visionary leadership.”
As part of F&M’s comprehensive succession
plan, on May 3, 2024, the Company announced the appointment of
Andrew Briggs as Chairman of the Board of both the Company and the
Bank. Kevin Sauder will continue to serve as Vice Chairman of the
Boards of Farmers & Merchants Bancorp, Inc. and F&M
Bank.
About F&M Bank: F&M
Bank is a local independent community bank that has been serving
its communities since 1897. F&M Bank provides commercial
banking, retail banking and other financial services. Our locations
are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas,
Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana,
we have offices located in Adams, Allen, DeKalb, Jay, Steuben and
Wells counties. The Michigan footprint includes Oakland County, and
we have Loan Production Offices in West Bloomfield, Michigan;
Muncie, Indiana; and Perrysburg and Bryan, Ohio.
Safe harbor statementPrivate
Securities Litigation Reform Act of 1995. Statements by F&M,
including management’s expectations and comments, may not be based
on historical facts and are “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21B of the Securities Exchange Act of 1934, as amended.
Actual results could vary materially depending on risks and
uncertainties inherent in general and local banking conditions,
competitive factors specific to markets in which F&M and its
subsidiaries operate, future interest rate levels, legislative and
regulatory decisions, capital market conditions, or the effects of
the COVID-19 pandemic, and its impacts on our credit quality and
business operations, as well as its impact on general economic and
financial market conditions. F&M assumes no responsibility to
update this information. For more details, please refer to
F&M’s SEC filing, including its most recent Annual Report on
Form 10-K and quarterly reports on Form 10-Q. Such filings can be
viewed at the SEC’s website, www.sec.gov or through F&M’s
website www.fm.bank.
Company Contact: |
Investor and Media Contact: |
Lars B. EllerPresident and Chief Executive Officer Farmers
& Merchants Bancorp, Inc.(419) 446-2501 leller@fm.bank |
Andrew M. BergerManaging DirectorSM Berger & Company, Inc.
(216) 464-6400andrew@smberger.com |
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