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Farmers & Merchants Bancorp, Inc. and F&M Bank Announces Updates to Board of Directors

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Farmers & Merchants Bancorp (Nasdaq: FMAO) announced changes to its Board of Directors. Kevin Frey, Vice President of Frey & Sons, was appointed to the Board on October 22, 2024. Frey brings experience in real estate brokerage, auctions, and property management, along with a background in accounting. The company also announced the retirement of Dr. K. Brad Stamm, who served on the Board since November 2016. Dr. Stamm's final day as a Board member will be October 25, 2024.

Farmers & Merchants Bancorp (Nasdaq: FMAO) ha annunciato cambiamenti nel suo Consiglio di Amministrazione. Kevin Frey, Vice Presidente di Frey & Sons, è stato nominato membro del Consiglio il 22 ottobre 2024. Frey porta con sé esperienza nella mediazione immobiliare, nelle aste e nella gestione delle proprietà, insieme a una solida formazione in contabilità. L'azienda ha anche annunciato il pensionamento del Dr. K. Brad Stamm, che ha fatto parte del Consiglio dal novembre 2016. L'ultimo giorno del Dr. Stamm come membro del Consiglio sarà il 25 ottobre 2024.

Farmers & Merchants Bancorp (Nasdaq: FMAO) anunció cambios en su Junta Directiva. Kevin Frey, Vicepresidente de Frey & Sons, fue nombrado miembro de la Junta el 22 de octubre de 2024. Frey aporta experiencia en corretaje de bienes raíces, subastas y gestión de propiedades, junto con una formación en contabilidad. La empresa también anunció la jubilación del Dr. K. Brad Stamm, quien sirvió en la Junta desde noviembre de 2016. El último día del Dr. Stamm como miembro de la Junta será el 25 de octubre de 2024.

Farmers & Merchants Bancorp (Nasdaq: FMAO)는 이사회의 변경 사항을 발표했습니다. Kevin Frey는 Frey & Sons의 부사장으로서 2024년 10월 22일 이사회에 임명되었습니다. Frey는 부동산 중개, 경매 및 재산 관리 경험을 가지고 있으며 회계 배경도 있습니다. 회사는 또한 Dr. K. Brad Stamm의 은퇴를 발표했습니다. 그는 2016년 11월부터 이사회에서 활동했습니다. Dr. Stamm의 이사로서의 마지막 날은 2024년 10월 25일이 될 것입니다.

Farmers & Merchants Bancorp (Nasdaq: FMAO) a annoncé des changements au sein de son Conseil d'Administration. Kevin Frey, Vice-président de Frey & Sons, a été nommé au Conseil le 22 octobre 2024. Frey apporte une expérience dans l'intermédiation immobilière, les enchères et la gestion de biens, ainsi qu'une formation en comptabilité. L'entreprise a également annoncé le départ à la retraite de Dr. K. Brad Stamm, qui a siégé au Conseil depuis novembre 2016. Le dernier jour du Dr. Stamm en tant que membre du Conseil sera le 25 octobre 2024.

Farmers & Merchants Bancorp (Nasdaq: FMAO) kündigte Änderungen im Vorstand an. Kevin Frey, Vizepräsident von Frey & Sons, wurde am 22. Oktober 2024 in den Vorstand berufen. Frey bringt Erfahrung in der Immobilienvermittlung, bei Auktionen und im Immobilienmanagement mit sowie einen Hintergrund in der Buchhaltung. Das Unternehmen gab auch die Pensionierung von Dr. K. Brad Stamm bekannt, der seit November 2016 im Vorstand tätig war. Dr. Stammans letzter Tag als Vorstandsmitglied wird der 25. Oktober 2024 sein.

Positive
  • Addition of Kevin Frey brings valuable real estate and financial expertise to the Board
  • Frey's local market knowledge strengthens community connections in core market area
Negative
  • Loss of experienced Board member Dr. Stamm after nearly 8 years of service

Kevin Frey Appointed to Board of Directors

Dr. K. Brad Stamm to Retire from Board of Directors

ARCHBOLD, Ohio, Oct. 24, 2024 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), announced updates to its Board of Directors. On October 22, 2024, Kevin Frey was appointed to the Board of Directors of both the Company and the Bank. In addition to this new appointment, F&M announced the retirement of Dr. K. Brad Stamm from the Board of Directors.

“On behalf of F&M’s Board of Directors, I am thrilled to welcome Kevin to our team. With deep roots in our legacy market and a wealth of experience as Vice President of Frey & Sons, he brings invaluable insights that will strengthen our connection to the communities we serve,” said F&M’s Chairman Andrew Briggs. “We look forward to his contributions as we continue to grow while staying true to the values guiding F&M for generations.”

Frey is the Vice President of Frey & Sons, Inc., a family-owned real estate brokerage and auction company that was incorporated in 1963 and is headquartered in Archbold, Ohio. Frey is the Principal Broker and lead Auctioneer for Frey & Sons. The company specializes in real estate auctions and sales in Northwest Ohio and heavy equipment auctions across the Midwest. Frey also manages a portfolio of multifamily, commercial, and agricultural properties and is a member of the Board of Directors for Yoder & Frey, Inc., a farm and machinery auction yard. Frey received a Bachelor of Arts in accounting from Goshen College and worked as a Certified Public Accountant from 1996-2003. He is a member of the National Association of Realtors, Ohio Association of Realtors, National Auctions Association, and Ohio Auctioneers Association.

Dr. Stamm joined the Board in November of 2016 and served with distinction throughout his tenure. He is the President and Educational Consultant of Stamm Management Group. A celebration in honor of Dr. Stamm’s contributions was held on October 22, 2024. His final day as a Board member will be October 25, 2024.

“Brad has been an instrumental part of our Board for nearly eight years, and his dedication and leadership will be greatly missed,” said President and CEO of F&M, Lars Eller. “We wish him all the best and express our deepest gratitude for his service to F&M.”

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

 


FAQ

When did Kevin Frey join FMAO's Board of Directors?

Kevin Frey was appointed to FMAO's Board of Directors on October 22, 2024.

When is Dr. K. Brad Stamm retiring from FMAO's Board?

Dr. K. Brad Stamm's final day as a Board member will be October 25, 2024.

What is Kevin Frey's professional background at FMAO?

Kevin Frey is Vice President of Frey & Sons, with experience in real estate brokerage, auctions, and property management. He previously worked as a Certified Public Accountant from 1996-2003.

How long did Dr. Stamm serve on FMAO's Board?

Dr. Stamm served on FMAO's Board for nearly eight years, having joined in November 2016.

Farmers & Merchants Bancorp, Inc.

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