Latest news with #F&MBank
Yahoo
09-05-2025
- Politics
- Yahoo
Mike Henderson seeks reelection to Oxford council
OXFORD — Mike Henderson has announced his candidacy for reelection to the Oxford City Council. Henderson, 68, a lifelong resident of Oxford and a 21-year veteran of the council, said he wanted to continue enhancing the quality of life for city residents. A retired banker with a 46-year career in the industry, culminating in the position of City President of F&M Bank in Oxford, Henderson said his ties to the community run deep. He is a graduate of Oxford High School and holds a Bachelor of Science degree in Accounting from Jacksonville State University. "My motivation has always been to improve the quality of life for our citizens," Henderson said. Henderson has several priorities outlined if he were to win reelection. He stressed the importance of completing ongoing and planned infrastructure projects efficiently — such as the work that has begun on the Leon Smith Parkway. Major infrastructure projects underway that will continue into the next term include the Friendship Road bridge replacement, which is expected to begin within the next two years, and a major drainage project in the Bynum area, where engineering work is being finalized. Henderson said there have also been discussions between the city and the Alabama Department of Transportation 'regarding some solutions to provide traffic relief along the parkway such as bridge widening or possibly another exit from the (Oxford) Exchange.' 'There has been some preliminary engineering work done regarding this option,' Henderson said. Additionally, he proposed the construction of three new area-specific substations for the Oxford Healthcare Paramedics service, or potentially the construction of a dedicated animal intake facility. 'We have had citizens attend meetings concerned about people dumping animals, primarily dogs, and them roaming our streets and neighborhoods,' Henderson said. 'Several have complained about their pets or themselves being attacked by packs of dogs that possibly have no owners.' 'The city currently has limited options for places to take animals picked up by animal control. A shelter is desperately needed to address this problem. The proposed shelter would be a humane facility with the plan to adopt out animals picked up by animal control,' he continued. Henderson said he believes his extensive experience and varied skill set make him a strong candidate. "My experience on the council, my ability to get things done, my knowledge of the city and its needs, financial knowledge and fiscal responsibility, vision, honesty and integrity, and my Christian faith are qualities I bring to the council," Henderson said.
Yahoo
01-04-2025
- Business
- Yahoo
F & M Bank Corp. (FMBM): Among Stocks Insiders Were Buying In Q1 2025
We recently published a list of . In this article, we are going to take a look at where F & M Bank Corp. (OTCQX:FMBM) stands against other stocks insiders were buying in Q1 2025. About 30 minutes before the market closed Monday, the broader market index was up 0.3%, while the blue-chip companies gained 0.9%. Meanwhile, the Nasdaq Composite dropped 0.5%. Some stocks were recovering from Friday losses after inflation data came in higher than expected, coupled with weak consumer sentiment, which heightened concerns about the U.S. economy's stability, according to Investopedia. As investors react to daily market changes, ongoing uncertainty continues to affect the market. During such times, insider trading often garners attention, as executive purchases of company stock can signal optimism about the company's prospects. However, insider sales do not always indicate a lack of confidence—they may be influenced by personal financial reasons or a need for diversification. Executives often follow pre-arranged plans, like 10b5-1, to ensure transparency. While insider trading can offer valuable insights, it should be considered alongside a company's financial health, market conditions, and industry shifts. What are some of the stocks insiders have been buying the most in the first quarter of the year? To find out, we used Insider Monkey's insider trading stock screener, focusing only on stocks where at least five insiders had purchased shares in January, February, and March. From there, we ranked the 20 stocks with the highest number of insiders purchasing shares. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). With each stock, we note the average price per share of these purchases and the stock's market capitalization. A close-up view of a banker wearing a suit focused on reviewing a customer's financial documents. Market Cap: $66.89 million Number of insiders buying: 8 F & M Bank is the parent company of Farmers & Merchants Bank, providing financial services to individuals and businesses in Virginia. The bank offers various deposit accounts, loans, insurance products, and brokerage services, including mortgages, personal and business loans, and credit cards. For the full year 2024, F & M Bank reported net income of $7.3 million or $2.07 per share, up 163% from net income of $2.8 million or $0.80 per share for 2023. On December 31, 2024, the Company had total assets of $1.30 billion, total loans of $839.9 million, and total deposits of $1.20 billion. This reflects growth of $17.9 million, or 2%, in total loans and $61.9 million, or 5%, in total deposits since year-end 2023. During the first quarter of 2025, eight insiders acquired approximately $120,034 worth of F & M Bank shares at an average price of $19.73 per share. Currently, the stock trades at $18.90 per share, having lost 5.50% since the beginning of the year. Over the past 12 months, F & M Bank returned 11.37% to its investors. The analyst coverage on F & M Bank stock is currently limited. Overall, FMBM ranks 12th on our list of stocks insiders were buying in Q1 2025. While we acknowledge the potential of FMBM our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FMBM but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
14-02-2025
- Business
- Yahoo
F&M Bank Welcomes Carly Buchanan as Chief People Officer
Carly Buchanan, 2025 ARCHBOLD, Ohio, Feb. 14, 2025 (GLOBE NEWSWIRE) -- F&M Bank ('F&M'), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) is pleased to announce Carly Buchanan as its new Chief People Officer. With over 18 years of HR, leadership, and organizational development experience across multiple industries, Carly will lead F&M's Human Resources Department, driving strategic HR planning, talent acquisition, employee engagement, and organizational growth. Carly brings a decade of retail banking experience to her role, providing valuable insight into customer-focused strategies and operational efficiency. She holds senior HR certifications from SHRM (SHRM-SCP) and HRCI and has served as past President of the Northeast Indiana Human Resources Association. Recognized as a 2023 Fort Wayne 40 Under 40 honoree, Carly is also deeply committed to community involvement, supporting organizations like Junior Achievement, Boys and Girls Club, and the 988 Crisis Lifeline. 'Carly's leadership, expertise, and passion for people make her an incredible asset to F&M Bank,' said Lars Eller, President, and CEO. 'Her strategic vision will strengthen our culture, enhance employee engagement, and support our mission of serving our customers and communities.' Carly earned her MBA and a Bachelor of Science in Business Administration from Indiana Tech. She and her family reside in Northern Indiana, where she combines professional excellence with a strong dedication to community impact. 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 Troy, 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, or through F&M's website Company Contact: Investor and Media Contact: Lars B. EllerPresident and Chief Executive Officer Farmers & Merchants Bancorp, Inc.(419) 446-2501 leller@ Andrew M. BergerManaging DirectorSM Berger & Company, Inc. (216) 464-6400andrew@ A photo accompanying this announcement is available at in to access your portfolio
Yahoo
11-02-2025
- Business
- Yahoo
F&M Bank Welcomes Peter Schork as Regional President for Toledo, Ohio & Southeast Michigan
Peter Schork ARCHBOLD, Ohio, Feb. 10, 2025 (GLOBE NEWSWIRE) -- F&M Bank ('F&M'), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) announced that Peter Schork has joined F&M as Regional President of the Toledo, Ohio, and Southeastern Michigan regions. Lars Eller, President and CEO of F&M stated, 'As a proven community banker, Peter brings a wealth of experience to F&M. His leadership, deep market knowledge, and commitment to building strong relationships will be an invaluable resource to F&M as we continue to grow and serve our communities. We look forward to the impact he will make in driving success for our customers, employees, and stakeholders.' In his new role, Peter will oversee F&M's presence in the Toledo, Ohio, and Birmingham, Michigan markets, including offices in Waterville, Swanton, Perrysburg, Sylvania, and Downtown Toledo, as well as F&M's Loan Production Office in Troy and its Birmingham, Michigan location. Peter brings over 25 years of banking and financial experience to F&M. Prior to joining the Company, he served as the Ann Arbor President for Oxford Bank and co-founded the Ann Arbor State Bank serving as its President and CEO. In addition to his community bank experience, Peter was the CFO at Catalyst Commercial Real Estate, and the President of a Michigan-based title, mortgage, and real estate company. In addition to his business experience, Peter is a proud supporter of various community organizations. Currently, he serves on the Michigan Theater Board of Trustees, is a member of the Ray and Eleanor Cross Foundation and the Kiwanis Club of Ann Arbor and is a Board Member and Treasurer for the Homeless/Unhoused Mission. Peter holds a Master of Business Administration (M.B.A.) with a specialization in Finance from Eastern Michigan University. 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 Troy, 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, or through F&M's website __________________________________________ Company Contact: Investor and Media Contact: Lars B. EllerPresident and Chief Executive Officer Farmers & Merchants Bancorp, Inc.(419) 446-2501 leller@ Andrew M. BergerManaging DirectorSM Berger & Company, Inc. (216) 464-6400andrew@ A photo accompanying this announcement is available at in to access your portfolio
Yahoo
10-02-2025
- Business
- Yahoo
Farmers & Merchants Bank of Long Beach Invests $2 million in Clearinghouse CDFI
F&M Bank's investment will fund jobs, affordable housing, and other community development opportunities benefiting low- to moderate-income communities LONG BEACH, Calif., February 10, 2025--(BUSINESS WIRE)--Farmers & Merchants Bank of Long Beach (F&M Bank) announced today a $2 million capital investment in Clearinghouse Community Development Financial Institution (Clearinghouse CDFI), a mission-based lending institution serving low- to moderate-income communities. F&M Bank's investment is part of a recapitalization campaign for Clearinghouse CDFI, which began in late 2024. "We are pleased to have F&M Bank join us in the single largest capital raise in Clearinghouse CDFI's history. This investment will enable us to increase our lending to support vulnerable communities nationwide," said Douglas J. Bystry, President and CEO of Clearinghouse CDFI. Clearinghouse CDFI's mission is to provide economic opportunities and improve the quality of life for lower-income individuals and communities through innovative and affordable financing that is unavailable in the conventional market. Since its founding in 1996, Clearinghouse CDFI has funded $2.7 billion in total loans for 2,732 community projects. These projects have created or retained more than 43,856 jobs and today are benefiting more than 5.1 million individuals. Clearinghouse CDFI loans have also created 13,548 affordable housing units since inception. F&M's investment highlights its long-lasting commitment to support community development and economic growth. "F&M Bank has worked with Clearinghouse CDFI for nearly 30 years due to our shared commitment to giving back to the communities we serve. We have confidence in the ability of their leadership to leverage our investment for the greatest impact," said W. Henry Walker, CEO of F&M Bank. In 2023, F&M Bank received an "Outstanding" rating as a result of its 2022 Community Reinvestment Act (CRA) examination, another indication of F&M's commitment to support traditionally underserved communities. About Farmers & Merchants Bank of Long Beach Founded in Long Beach in 1907 by C.J. Walker, F&M Bank (OTCQX: FMBL) provides white-glove service to clients at 27 branches from San Clemente to Santa Barbara, as well as through Online and Mobile Banking platforms. The Bank offers commercial and small business banking, business loan programs, home loans, and a robust offering of consumer retail banking products, including checking, savings and youth accounts. F&M Bank is a California state-chartered bank with deposits insured by the Federal Deposit Insurance Corporation (Member FDIC) and an Equal Housing Lender. NMLS #537388. For more information about F&M, please visit the website, About Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) Clearinghouse CDFI addresses unmet credit needs throughout the U.S. and in Indian Country through direct lending, equity investments, and financial assistance. Since 1996, Clearinghouse CDFI has helped bridge the gap between conventional lending standards and the needs of low-income, distressed, and communities of color. Clearinghouse CDFI is also a B Corp—a certification received from the nonprofit B Lab. B Corps are companies who meet rigorous standards of social and environmental performance, transparency, and accountability, and use business as a force for good. More information is available at View source version on Contacts Media, Contact: Merilee LangdonSenior Vice PresidentDirector of MarketingFarmers & Merchants Bank of Long Beach(562) Investors, Contact: Roger PondelPondelWilkinson Inc.(310) 279-5965rpondel@ Sign in to access your portfolio
