FMAO News & Events

F&M Bank announced several executive leadership appointments. F&M has promoted Eric Faust to executive VP and COO. Faust joined F&M in 2022 as chief risk officer and has led the bank's enterprise risk management, compliance, internal audit, and Bank Secrecy Act functions. F&M also announced the appointment of Melody Charlton as chief legal and compliance officer. F&M also announced that Benet Rupp will continue serving as executive VP and chief people officer, following an interim leadership period.

The board of directors of Farmers and Merchants declared a cash dividend on the common stock of 36c per share, which will be paid on June 18 to stockholders of record on June 2. The 36c dividend represents a 5.9% increase over the dividend paid in December and an annualized payout ratio of 33%.