Farmers & Merchants Bancorp, Inc. Announces Opening of New Office in Fort Wayne, Indiana

Rhea-AI Summary

Farmers & Merchants Bancorp (FMAO) has opened a new full-service banking office in Fort Wayne, Indiana, enhancing its local presence. This facility, located at 7370 Illinois Rd., will feature modern banking technology including Interactive Teller Machines (ITMs) for customer convenience. The addition increases F&M’s Indiana network to 10 locations, servicing deposits of $395 million and loans of $366 million. CEO Lars B. Eller emphasized the commitment to community-centric banking in this growing area, aiming to strengthen customer relationships locally.

Positive

• New full-service office in Fort Wayne expands local presence.
• The office features advanced banking technology, including ITMs.
• Increases total Indiana office network to 10 locations.
• Serves a market with $395 million in deposits and $366 million in loans.

Negative

• None.

ARCHBOLD, Ohio, April 20, 2021 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today announced its newest full-service office is now open. The new office is located at 7370 Illinois Rd., Fort Wayne, Indiana 46804.   

Lars B. Eller, President and Chief Executive Officer, stated: “We are excited to expand our presence in the greater Fort Wayne market and serve this rapidly growing area. As a community centric organization, we believe it is important to have a presence in our communities and our new Fort Wayne office will be staffed with local bankers to serve customers, where decisions can be made locally. We look forward to providing our leading, community-focused financial services to customers across Northeast Indiana.”  

The new full-service office will offer the latest banking technology to serve customers. Customers will now have the option to conduct their banking the way they traditionally have or with an Interactive Teller Machine (ITM). With the ITMs, customers will have a choice of conducting their banking directly through the ITM or by using the Virtual Tellers which is part of the ITM offering.

The new Fort Wayne office complements the existing F&M office network in Indiana, which includes Adams, Allen, DeKalb, Jay and Steuben Counties. This will bring F&M’s total Indiana office network to 10 full-service locations, as well as a Loan Production Office in Muncie, Indiana. F&M’s Indiana market services $395 million in deposits, as well as $366 million in loans.

About Farmers & Merchants State Bank:
The Farmers & Merchants State Bank is a local independent community bank that has been serving Northwest Ohio and Northeast Indiana since 1897. The Farmers & Merchants State Bank provides commercial banking, retail banking and other financial services. Our locations are in Fulton, Defiance, Hancock, Henry, Lucas, Williams, and Wood counties in Northwest Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, and Steuben counties.

Safe harbor statement
Farmers & Merchants Bancorp, Inc. (“F&M”) wishes to take advantage of the Safe Harbor provisions included in the 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

What is the significance of FMAO's new office in Fort Wayne?

The new office strengthens FMAO's presence in a growing market, providing community-centric banking services with advanced technology.

Where is the new Farmers & Merchants Bancorp office located?

The new office is located at 7370 Illinois Rd., Fort Wayne, Indiana 46804.

How many full-service locations does FMAO have in Indiana now?

With the new office, FMAO has increased its total Indiana locations to 10 full-service offices.

What banking technology will be available at the new FMAO office?

The new office will offer Interactive Teller Machines (ITMs), allowing customers to bank traditionally or via virtual tellers.

What is the total amount of deposits and loans serviced by FMAO in Indiana?

FMAO services a total of $395 million in deposits and $366 million in loans in its Indiana market.