F&M Bank Announces Promotion of Kevin Becker to Chief Credit Officer
March 05 2024 - 6:15PM
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 testament to our belief in
fostering talent from within and recognizing the hard work and
dedication that he has consistently demonstrated. Kevin’s profound
understanding of our credit operations and unwavering commitment to
our values of integrity and excellence have been instrumental in
driving our success.”
Mr. Becker began his career at F&M in 2015
and most recently served as the Bank’s Deputy Chief Credit Officer
where he was responsible for the credit underwriting and loan
portfolio monitoring functions. In his new role as Chief Credit
Officer, Mr. Becker is responsible for the oversight of the credit
standards for the Bank, leading asset quality reviews to maintain a
safe and sound institution, and reviewing the Bank’s allowance for
credit losses. He has a B.A. in Business Administration from
Defiance College and graduated with high honors from the Graduate
School of Banking at the University of Wisconsin – Madison.
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
F&M has Loan Production Offices in West Bloomfield, Michigan;
Muncie, Indiana; Bryan, Ohio and Perrysburg, 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 |
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/12252157-8b38-4558-b32a-2188a3f85f02
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