F&M Bank appoints tech executive Ahmed Alomari to board of directors

ARCHBOLD, Ohio - F&M Bank, owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO), announced the appointment of Ahmed Alomari to its Board of Directors. The appointment, effective Tuesday, was approved during the bank’s monthly board meeting.

Alomari, who founded Cybernoor in 2007 and served as its CEO until the company’s acquisition by Buchanan Technologies in 2021, currently serves as Executive Vice President at Buchanan Technologies, where he oversees database and application operations.

"Ahmed brings a deep level of technical expertise and a strong track record of innovation and strategic insight," said Lars Eller, President and CEO of F&M Bank, according to the press release.

The new board member holds a Computer Science degree from the University of Michigan’s School of Engineering and is known for his expertise in Oracle database performance and enterprise systems architecture.

F&M Bank, an independent community bank established in 1897, provides commercial banking, retail banking, and other financial services across multiple counties in Ohio, Indiana, and Michigan.

The announcement comes as the bank continues to develop its technological capabilities. The information in this article is based on a company press release statement.

In other recent news, Farmers & Merchants Bancorp, Inc. announced a quarterly cash dividend of $0.22125 per share for the second quarter, continuing its long-standing tradition of maintaining and increasing dividends. The dividend is set to be payable on July 20, 2025, to shareholders recorded by July 7, 2025. Additionally, F&M Bank has promoted Eric D. Faust to Executive Vice President, recognizing his contributions to risk management and regulatory compliance since 2022. Faust’s advancement reflects his leadership capabilities and his significant role in enhancing the bank’s oversight structures. In another development, Jo Ellen Hornish has resigned from F&M Bank’s Board of Directors, ending her impactful tenure since 2013. Hornish has been acknowledged for her expertise in the transportation and manufacturing sectors and her service on key committees. The company expressed gratitude for her leadership and commitment, although no successor has been announced. These announcements are based on recent press releases from Farmers & Merchants Bancorp, Inc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.