F&M Bank Announces Key Leadership Promotions and Strategic Focus for the Future
F&M Bank (NASDAQ: FMAO) has announced key leadership changes and strategic initiatives aimed at driving growth and operational excellence. Andrew Baker, previously Chief Retail Banking Officer, has been appointed as Chief Strategy Officer (CSO) and will chair the newly formed Strategic Governance Committee. This committee, comprising senior leadership team members, will guide the bank's strategic direction and oversee initiatives, projects, products, and services.
Additionally, Taryn Marino has been promoted from Deputy Chief Retail Banking Officer to Chief Retail Banking Officer. Under her previous leadership, the retail banking team achieved significant deposit growth, increased checking account success, and delivered exceptional client experiences.
According to President & CEO Lars Eller, these leadership changes are designed to enhance F&M's strategic focus and position the bank for sustainable growth in 2025 and beyond.
F&M Bank (NASDAQ: FMAO) ha annunciato importanti cambiamenti nella leadership e iniziative strategiche mirate a promuovere la crescita e l'eccellenza operativa. Andrew Baker, precedentemente Chief Retail Banking Officer, è stato nominato Chief Strategy Officer (CSO) e presiederà il nuovo Comitato di Governance Strategica. Questo comitato, composto da membri del senior leadership team, guiderà la direzione strategica della banca e supervisionerà iniziative, progetti, prodotti e servizi.
Inoltre, Taryn Marino è stata promossa da Vice Chief Retail Banking Officer a Chief Retail Banking Officer. Sotto la sua precedente guida, il team di retail banking ha raggiunto una significativa crescita dei depositi, un aumento del successo nei conti correnti e ha fornito esperienze eccezionali ai clienti.
Secondo il Presidente e CEO Lars Eller, questi cambiamenti nella leadership mirano a migliorare il focus strategico di F&M e a posizionare la banca per una crescita sostenibile nel 2025 e oltre.
F&M Bank (NASDAQ: FMAO) ha anunciado cambios clave en el liderazgo e iniciativas estratégicas destinadas a impulsar el crecimiento y la excelencia operativa. Andrew Baker, anteriormente Chief Retail Banking Officer, ha sido nombrado Chief Strategy Officer (CSO) y presidirá el nuevo Comité de Gobernanza Estratégica. Este comité, compuesto por miembros del equipo de liderazgo senior, guiará la dirección estratégica del banco y supervisará iniciativas, proyectos, productos y servicios.
Además, Taryn Marino ha sido promovida de Deputy Chief Retail Banking Officer a Chief Retail Banking Officer. Bajo su liderazgo anterior, el equipo de banca minorista alcanzó un crecimiento significativo en depósitos, aumentó el éxito de las cuentas corrientes y brindó experiencias excepcionales a los clientes.
Según el Presidente y CEO Lars Eller, estos cambios en el liderazgo están diseñados para mejorar el enfoque estratégico de F&M y posicionar al banco para un crecimiento sostenible en 2025 y más allá.
F&M 뱅크 (NASDAQ: FMAO)는 성장과 운영 우수성을 위해 목표로 하는 주요 리더십 변화 및 전략적 이니셔티브를 발표했습니다. 앤드류 베이커는 이전에 소매은행 담당 최고 책임자(Chief Retail Banking Officer)였으며, 최고 전략 책임자(Chief Strategy Officer, CSO)로 임명되어 새롭게 구성된 전략적 거버넌스 위원회를 주재합니다. 이 위원회는 고위 리더십 팀의 구성원들로 구성되어 있으며, 은행의 전략적 방향을 안내하고 이니셔티브, 프로젝트, 제품 및 서비스를 감독할 것입니다.
추가로, 타린 마리노는 부소매은행 담당 최고 책임자에서 소매은행 담당 최고 책임자로 승진되었습니다. 그녀의 이전 리더십 하에 소매은행 팀은 예금의 유의미한 성장을 이루었고, 체크 계좌의 성공을 증가시키며, 뛰어난 고객 경험을 제공했습니다.
대통령 및 CEO인 라스 엘러(Lars Eller)에 따르면, 이러한 리더십 변화는 F&M의 전략적 초점을 향상시키고 2025년 및 그 이후에 지속 가능한 성장을 위한 은행의 위치를 조정하기 위해 설계되었습니다.
F&M Bank (NASDAQ: FMAO) a annoncé des changements clés dans son leadership ainsi que des initiatives stratégiques visant à stimuler la croissance et l'excellence opérationnelle. Andrew Baker, précédemment Chief Retail Banking Officer, a été nommé Chief Strategy Officer (CSO) et présidera le nouveau Comité de Gouvernance Stratégique. Ce comité, composé de membres de l'équipe dirigeante, guidera la direction stratégique de la banque et supervisera les initiatives, projets, produits et services.
De plus, Taryn Marino a été promue de Deputy Chief Retail Banking Officer à Chief Retail Banking Officer. Sous son leadership précédent, l'équipe de banque de détail a connu une forte croissance des dépôts, a augmenté le succès des comptes courants et a offert des expériences client exceptionnelles.
Selon le Président et CEO Lars Eller, ces changements de leadership visent à améliorer l'orientation stratégique de F&M et à positionner la banque pour une croissance durable en 2025 et au-delà.
F&M Bank (NASDAQ: FMAO) hat wichtige Veränderungen in der Führungsebene sowie strategische Initiativen angekündigt, die darauf abzielen, Wachstum und operative Exzellenz voranzutreiben. Andrew Baker, bisher Chief Retail Banking Officer, wurde zum Chief Strategy Officer (CSO) ernannt und wird den neu gegründeten Strategischen Lenkungsausschuss leiten. Dieser Ausschuss, der aus Mitgliedern des Führungsteams besteht, wird die strategische Ausrichtung der Bank leiten und Initiativen, Projekte, Produkte und Dienstleistungen überwachen.
Darüber hinaus wurde Taryn Marino von der stellvertretenden Chief Retail Banking Officer zur Chief Retail Banking Officer befördert. Unter ihrer vorherigen Führung erzielte das Retail-Banking-Team ein signifikantes Wachstum der Einlagen, erhöhte den Erfolg von Girokonten und bot außergewöhnliche Kundenerlebnisse.
Laut Präsident und CEO Lars Eller sind diese Führungswechsel darauf ausgelegt, den strategischen Fokus von F&M zu verbessern und die Bank für ein nachhaltiges Wachstum im Jahr 2025 und darüber hinaus zu positionieren.
- Creation of Strategic Governance Committee to enhance strategic planning and execution
- Track record of deposit growth and increased checking account success under new Chief Retail Banking Officer
- Internal promotions demonstrating strong succession planning and talent retention
- None.
ARCHBOLD, Ohio, Jan. 13, 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 that Andrew Baker has been appointed Chief Strategy Officer and Taryn Marino has been promoted to Chief Retail Banking Officer. Today’s announcement reflects F&M’s longstanding commitment to advancing its leadership structure and strategic focus to drive continued growth and operational excellence.
To elevate F&M’s strategic vision, Andy Baker has been appointed as the Chief Strategy Officer (CSO). In this new role, Andy will chair the newly formed Strategic Governance Committee, compromising members of F&M’s senior leadership team, which will guide the Bank’s strategic direction, overseeing initiatives, projects, products, and services. Andy previously served as F&M’s Chief Retail Banking Officer.
“As we look to the future, it’s clear that we need a dedicated focus on our strategic initiatives. Andy’s leadership and expertise will be instrumental in aligning our strategic vision with our long-term goals,” said Lars Eller, President & CEO.
Complementing this transition, Taryn Marino has been promoted to Chief Retail Banking Officer. Taryn previously served as Deputy Chief Retail Banking Officer, working closely with Andy to lead transformative projects for the retail banking team.
“Taryn and her team have consistently delivered outstanding results, including notable deposit growth, increased checking account success, and exceptional client experiences. Taryn’s promotion recognizes her dedication and impact. We are confident in her ability to continue driving excellence in retail banking,” added Mr. Eller.
“These leadership changes and strategic initiatives position us to achieve sustainable growth and deliver exceptional value to our clients, employees, and stakeholders,” continued Mr. Eller. “I am confident that this refined focus will propel F&M Bank to new heights in 2025 and beyond.”
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 statement
Private 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. Eller President and Chief Executive Officer Farmers & Merchants Bancorp, Inc. (419) 446-2501 leller@fm.bank | Andrew M. Berger Managing Director SM Berger & Company, Inc. (216) 464-6400 andrew@smberger.com |
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/55773a88-ad85-4129-ae69-f13366b40b29
https://www.globenewswire.com/NewsRoom/AttachmentNg/7af356fa-4ec4-4c9a-8fa5-984435a6b692
FAQ
What strategic changes has F&M Bank (FMAO) announced in January 2025?
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