Mark Hutchinson Joins F&M Bank as Treasurer
April 24 2024 - 4:31PM
F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by
Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) announced that
Mark Hutchinson has joined F&M as Treasurer.
In this new position, Hutchinson will oversee
certain financial operations including budgeting, planning,
investing and other financial matters for the Bank. Hutchinson will
report to the Company’s Chief Financial Officer. He has 22 years of
experience working for 2 financial institutions in the areas of
treasury, finance, and accounting. Hutchinson is also a Certified
Management Accountant (CMA).
Lars Eller, President and Chief Executive
Officer said, “Mark has an extensive background in asset and
liability management, interest rate risk, liquidity, funds transfer
pricing, budgeting, and forecasting. F&M continues to invest in
its platform to maintain best-in-class, and local financial
services for our customers, our communities, and our
shareholders.”
Hutchinson is a Chicago area native and earned
his undergraduate in Business from Western Illinois University and
his MBA from Indiana Tech. He resides in Fort Wayne, Indiana with
his wife and four daughters.
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 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, www.sec.gov or through F&M’s
website www.fm.bank.
Company Contact: |
Investor and Media Contact: |
Lars B. EllerPresident and Chief Executive Officer Farmers &
Merchants Bancorp, Inc.(419) 446-2501 leller@fm.bank |
Andrew M. BergerManaging DirectorSM Berger & Company, Inc.
(216) 464-6400andrew@smberger.com |
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3cb75f5c-5baf-4a5f-b120-53c869ce30ff
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