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ARCHBOLD, Ohio - Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) announced Tuesday that its Board of Directors has approved a quarterly cash dividend of $0.22125 per share for the second quarter.
The dividend will be payable on July 20, 2025, to shareholders of record as of July 7, 2025, according to a company press release.
F&M Bank, the company’s banking subsidiary, has assets totaling $3.39 billion as of March 31, 2025. The financial institution has maintained its quarterly dividend payments for over 50 years and has increased its annual dividend for 30 consecutive years.
The community bank provides commercial banking, retail banking and other financial services across multiple states. F&M operates in several Ohio counties including Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood. The bank also maintains offices in Indiana counties including Adams, Allen, DeKalb, Jay, Steuben and Wells, as well as a presence in Oakland County, Michigan.
Additionally, the bank operates loan production offices in Troy, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.
F&M Bank has been serving its communities since 1897, positioning itself as a local independent community financial institution.
In other recent news, F&M Bank, part of Farmers & Merchants Bancorp, Inc., announced significant leadership changes. Eric D. Faust has been promoted to Executive Vice President, having previously served as Chief Risk Officer since 2022. During his tenure, Faust has been credited with enhancing the bank’s risk management and regulatory compliance strategies. This promotion reflects his leadership skills and comprehensive knowledge of the banking sector’s demands, as stated by Lars Eller, President and CEO of F&M Bank. In another development, Jo Ellen Hornish resigned from F&M Bank’s Board of Directors. Hornish had been a board member since 2013, contributing her expertise in the transportation and manufacturing sectors. Her resignation follows a period of substantial contributions to the bank, particularly in steering it through various stages of growth and development. The bank has not disclosed any further information regarding a successor or the reasons behind her resignation.
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