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FORT WAYNE, Ind.—Ian D. Boyce, a director at Farmers & Merchants Bancorp (NASDAQ:MBIN) Inc. (NASDAQ:FMAO), recently increased his stake in the company by purchasing 210 shares of common stock. The transaction, which took place on May 29, 2025, was valued at approximately $5,052, with each share priced at $24.06.
Following this acquisition, Boyce now holds a total of 1,200.849 shares directly. This move underscores his continued interest and investment in the company, which operates within the financial services sector and maintains a 3.68% dividend yield. The transaction was executed without any involvement of equity swaps, and the purchase was conducted under direct ownership. InvestingPro subscribers can access additional insights, including 8 more key tips about FMAO’s financial health and growth prospects.
In other recent news, F&M Bank, part of Farmers & Merchants Bancorp, Inc., has announced significant changes within its leadership structure. Eric D. Faust has been promoted to the position of Executive Vice President. Faust, who previously served as Chief Risk Officer since 2022, has been recognized for his efforts in enhancing the bank’s risk management and regulatory compliance strategies. His promotion reflects his leadership skills and comprehensive knowledge of the banking sector’s risk and compliance demands, according to Lars Eller, President and CEO of F&M Bank.
Additionally, Jo Ellen Hornish has stepped down from her role on F&M Bank’s Board of Directors. Hornish had been with the bank since 2013, contributing her expertise in the transportation and manufacturing sectors. Her departure was acknowledged with appreciation from the bank’s leadership for her commitment and positive impact. The bank has not provided further details about her successor or reasons for her resignation.
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