F&M Bank Announces Leadership Appointments of Andrew Baker as Chief Strategy Officer and Taryn Marino as Chief Retail Banking Officer

F&M Bank has appointed Andrew Baker as Chief Strategy Officer and promoted Taryn Marino to Chief Retail Banking Officer.

Quiver AI Summary

F&M Bank, based in Archbold, Ohio, has announced significant leadership changes with Andrew Baker appointed as Chief Strategy Officer and Taryn Marino promoted to Chief Retail Banking Officer. These changes aim to enhance the bank's strategic focus and operational excellence as it prepares for future growth. As CSO, Baker will lead a new Strategic Governance Committee to oversee the bank's strategic direction and initiatives, building on his previous role as Chief Retail Banking Officer. Marino, who has driven successful retail banking projects, will take the lead in this area following her promotion. Both leaders are expected to contribute to the bank’s sustainable growth and improved client services in 2025 and beyond.

Potential Positives

• Appointment of Andrew Baker as Chief Strategy Officer to enhance strategic focus reflects commitment to growth and operational excellence.
• Taryn Marino's promotion to Chief Retail Banking Officer acknowledges her strong performance, including significant deposit growth and client satisfaction.
• The formation of the Strategic Governance Committee demonstrates a structured approach to guiding the bank's strategic direction and initiatives.
• Leadership changes aim to position F&M Bank for sustainable growth and deliver exceptional value to clients and stakeholders in 2025 and beyond.

Potential Negatives

• The press release highlights a significant restructuring of leadership, indicating potential instability or uncertainty within the organization's management approach.
• The emphasis on "forward-looking statements" suggests that F&M Bank may be facing challenges that necessitate these strategic changes, raising concerns about future performance.
• The statement about risks and uncertainties inherent in the banking conditions may signal potential vulnerabilities in F&M's business model or market environment.

FAQ

Who are the new executives at F&M Bank?

Andrew Baker has been appointed Chief Strategy Officer, and Taryn Marino has been promoted to Chief Retail Banking Officer.

What is Andrew Baker's new role at F&M Bank?

Andrew Baker will serve as Chief Strategy Officer, leading the Strategic Governance Committee and guiding the Bank's strategic direction.

How will Taryn Marino contribute to F&M Bank's success?

Taryn Marino will drive retail banking excellence, continuing her work on transformative projects that enhance client experiences and deposit growth.

What is F&M Bank's commitment regarding leadership structure?

F&M Bank is dedicated to advancing its leadership structure to achieve growth and operational excellence in the banking sector.

What services does F&M Bank provide?

F&M Bank offers commercial and retail banking services, along with various financial services in Ohio and Northeast Indiana.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

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Members of Congress have traded $FMAO stock 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.

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• REPRESENTATIVE ROBERT E. LATTA has traded it 2 times. They made 2 purchases worth up to $30,000 on 10/20, 07/20 and 0 sales.

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$FMAO Insider Trading Activity

$FMAO insiders have traded $FMAO stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

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• DAVID R GERKEN (Executive Vice President) sold 656 shares.

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• FIRST TRUST ADVISORS LP added 43,707 shares (+inf%) to their portfolio in Q3 2024
• BLACKROCK, INC. added 40,873 shares (+4.6%) to their portfolio in Q3 2024
• VANGUARD GROUP INC added 36,886 shares (+6.1%) to their portfolio in Q3 2024
• DIMENSIONAL FUND ADVISORS LP added 27,700 shares (+23.4%) to their portfolio in Q3 2024
• MORGAN STANLEY added 21,334 shares (+125.8%) to their portfolio in Q3 2024
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• INVESCO LTD. removed 16,373 shares (-100.0%) from their portfolio in Q3 2024

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Full Release

ARCHBOLD, Ohio, Jan. 13, 2025 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), is pleased to announce that Andrew Baker has been appointed Chief Strategy Officer and Taryn Marino has been promoted to Chief Retail Banking Officer. Today’s announcement reflects F&M’s longstanding commitment to advancing its leadership structure and strategic focus to drive continued growth and operational excellence.

To elevate F&M’s strategic vision, Andy Baker has been appointed as the Chief Strategy Officer (CSO). In this new role, Andy will chair the newly formed Strategic Governance Committee, compromising members of F&M’s senior leadership team, which will guide the Bank’s strategic direction, overseeing initiatives, projects, products, and services. Andy previously served as F&M’s Chief Retail Banking Officer.

“As we look to the future, it’s clear that we need a dedicated focus on our strategic initiatives. Andy’s leadership and expertise will be instrumental in aligning our strategic vision with our long-term goals,” said Lars Eller, President & CEO.

Complementing this transition, Taryn Marino has been promoted to Chief Retail Banking Officer. Taryn previously served as Deputy Chief Retail Banking Officer, working closely with Andy to lead transformative projects for the retail banking team.

“Taryn and her team have consistently delivered outstanding results, including notable deposit growth, increased checking account success, and exceptional client experiences. Taryn’s promotion recognizes her dedication and impact. We are confident in her ability to continue driving excellence in retail banking,” added Mr. Eller.

“These leadership changes and strategic initiatives position us to achieve sustainable growth and deliver exceptional value to our clients, employees, and stakeholders,” continued Mr. Eller. “I am confident that this refined focus will propel F&M Bank to new heights in 2025 and beyond.”

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 Troy, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

Safe harbor statement



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


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Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/55773a88-ad85-4129-ae69-f13366b40b29

https://www.globenewswire.com/NewsRoom/AttachmentNg/7af356fa-4ec4-4c9a-8fa5-984435a6b692

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.