F&M Bank Announces Retirement of Eugene Burkholder from Board of Directors
F&M Bank, owned by Farmers & Merchants Bancorp (Nasdaq: FMAO), announced the retirement of Eugene Burkholder from its Board of Directors, effective December 17, 2024. Burkholder served as an independent director since March 2012, contributing over a decade of leadership to the bank's growth. Following his retirement, his position will not be replaced, reducing the board size to 11 members. Chairman Andrew Briggs expressed gratitude for Burkholder's service and commitment to the bank.
F&M Bank, di proprietà di Farmers & Merchants Bancorp (Nasdaq: FMAO), ha annunciato il retiro di Eugene Burkholder dal suo Consiglio di Amministrazione, a partire dal 17 dicembre 2024. Burkholder ha servito come direttore indipendente dal marzo 2012, contribuendo per oltre un decennio alla crescita della banca. Dopo il suo ritiro, la sua posizione non verrà sostituita, riducendo la dimensione del consiglio a 11 membri. Il presidente Andrew Briggs ha espresso gratitudine per il servizio e l'impegno di Burkholder nei confronti della banca.
F&M Bank, propiedad de Farmers & Merchants Bancorp (Nasdaq: FMAO), anunció la jubilación de Eugene Burkholder de su Junta Directiva, con efecto a partir del 17 de diciembre de 2024. Burkholder fue director independiente desde marzo de 2012, aportando más de una década de liderazgo al crecimiento del banco. Tras su jubilación, no se reemplazará su puesto, reduciendo el tamaño de la junta a 11 miembros. El presidente Andrew Briggs expresó su gratitud por el servicio y el compromiso de Burkholder con el banco.
F&M 뱅크는 Farmers & Merchants Bancorp (Nasdaq: FMAO) 소속으로, 유진 벌크홀더(Eugene Burkholder)가 2024년 12월 17일부로 이사회를 은퇴한다고 발표했습니다. 벌크홀더는 2012년 3월부터 독립 이사로 재직하며 은행 성장에 10년 이상의 기여를 했습니다. 그의 은퇴 후, 그의 자리는 교체되지 않으며 이사회의 규모는 11명으로 축소됩니다. 앤드류 브리그스(Andrew Briggs) 회장은 벌크홀더의 서비스와 은행에 대한 헌신에 감사를 표했습니다.
F&M Bank, appartenant à Farmers & Merchants Bancorp (Nasdaq: FMAO), a annoncé le départ à la retraite d'Eugene Burkholder de son Conseil d'Administration, effectif à partir du 17 décembre 2024. Burkholder a occupé le poste de directeur indépendant depuis mars 2012, contribuant à plus d'une décennie de leadership à la croissance de la banque. Suite à son départ, son poste ne sera pas remplacé, réduisant la taille du conseil à 11 membres. Le président Andrew Briggs a exprimé sa gratitude pour le service et l'engagement de Burkholder envers la banque.
F&M Bank, Eigentum von Farmers & Merchants Bancorp (Nasdaq: FMAO), hat die Pensionierung von Eugene Burkholder aus seinem Vorstand angekündigt, die am 17. Dezember 2024 wirksam wird. Burkholder war seit März 2012 als unabhängiger Direktor tätig und hat über ein Jahrzehnt an Führungsstärke zum Wachstum der Bank beigetragen. Nach seiner Pensionierung wird seine Position nicht ersetzt, wodurch die Größe des Vorstandes auf 11 Mitglieder reduziert wird. Vorsitzender Andrew Briggs äußerte Dankbarkeit für Burkholders Dienst und Engagement für die Bank.
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ARCHBOLD, Ohio, Dec. 17, 2024 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) announces the retirement of Eugene Burkholder from its Board of Directors, effective December 17, 2024. Mr. Burkholder has served as an independent director on F&M’s Board since March 2012, contributing over a decade of dedicated leadership and expertise that has been pivotal to the Bank’s growth.
“The Board extends its heartfelt gratitude for Gene’s years of service and unwavering commitment to the Bank,” said F&M’s Chairman Andrew Briggs. “His leadership has been an inspiration, and his legacy will continue to guide the Bank’s efforts in serving its customers and communities. We wish him all the best in his next chapter.”
Following Mr. Burkholder’s retirement, his position on the Board will not be replaced, and the Board will continue with 11 members.
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 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 |
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/45d42c15-20db-4b4f-b3f4-5f79d4453660
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