F&M Bank Promotes Eric D. Faust to Executive Vice President
F&M Bank (Nasdaq: FMAO) has announced the promotion of Eric D. Faust to Executive Vice President. Faust, who has served as the bank's Chief Risk Officer since 2022, has been instrumental in advancing enterprise risk and regulatory compliance at the institution. Under his leadership, F&M has developed a comprehensive risk and compliance team and improved its strategic decision-making processes.
Prior to joining F&M, Faust held positions as First Vice President and Director of Risk Management at Northstar Financial Group and Examination Manager for Michigan's Department of Insurance and Financial Services. He holds an MBA from Davenport University and a BS in Business Administration from Central Michigan University.
F&M Bank (Nasdaq: FMAO) ha annunciato la promozione di Eric D. Faust a Vice Presidente Esecutivo. Faust, che ricopre il ruolo di Chief Risk Officer della banca dal 2022, è stato fondamentale nel potenziare la gestione del rischio aziendale e la conformità normativa all'interno dell'istituto. Sotto la sua guida, F&M ha costituito un team completo dedicato al rischio e alla conformità, migliorando i processi decisionali strategici.
Prima di entrare in F&M, Faust ha ricoperto incarichi come First Vice President e Direttore della Gestione del Rischio presso Northstar Financial Group e come Responsabile delle Verifiche per il Dipartimento delle Assicurazioni e dei Servizi Finanziari del Michigan. Ha conseguito un MBA presso la Davenport University e una laurea in Economia Aziendale presso la Central Michigan University.
F&M Bank (Nasdaq: FMAO) ha anunciado el ascenso de Eric D. Faust a Vicepresidente Ejecutivo. Faust, quien ha servido como Director de Riesgos del banco desde 2022, ha sido clave para avanzar en la gestión de riesgos empresariales y el cumplimiento regulatorio en la institución. Bajo su liderazgo, F&M ha desarrollado un equipo integral de riesgos y cumplimiento, mejorando sus procesos de toma de decisiones estratégicas.
Antes de unirse a F&M, Faust ocupó cargos como Primer Vicepresidente y Director de Gestión de Riesgos en Northstar Financial Group y Gerente de Exámenes para el Departamento de Seguros y Servicios Financieros de Michigan. Posee un MBA de Davenport University y una licenciatura en Administración de Empresas de Central Michigan University.
F&M Bank (나스닥: FMAO)는 에릭 D. 파우스트를 전무이사로 승진시켰다고 발표했습니다. 2022년부터 은행의 최고위험관리책임자(CRO)로 재직 중인 파우스트는 기관의 전사적 위험 관리 및 규제 준수 향상에 중요한 역할을 해왔습니다. 그의 리더십 하에 F&M은 포괄적인 위험 및 준수 팀을 구축하고 전략적 의사결정 프로세스를 개선했습니다.
F&M에 합류하기 전, 파우스트는 Northstar Financial Group에서 부사장 겸 위험관리 이사, 미시간 보험 및 금융 서비스 부서에서 검사 관리자 역할을 수행했습니다. 그는 Davenport University에서 MBA를, Central Michigan University에서 경영학 학사 학위를 취득했습니다.
F&M Bank (Nasdaq : FMAO) a annoncé la promotion de Eric D. Faust au poste de Vice-Président Exécutif. Faust, qui occupe le poste de Chief Risk Officer depuis 2022, a joué un rôle clé dans l'amélioration de la gestion des risques d'entreprise et de la conformité réglementaire au sein de l'institution. Sous sa direction, F&M a constitué une équipe complète dédiée aux risques et à la conformité, et a optimisé ses processus de prise de décision stratégique.
Avant de rejoindre F&M, Faust a occupé les postes de Premier Vice-Président et Directeur de la Gestion des Risques chez Northstar Financial Group, ainsi que celui de Responsable des Contrôles au sein du Department of Insurance and Financial Services du Michigan. Il est titulaire d'un MBA de la Davenport University et d'une licence en administration des affaires de la Central Michigan University.
Die F&M Bank (Nasdaq: FMAO) hat die Beförderung von Eric D. Faust zum Executive Vice President bekannt gegeben. Faust, der seit 2022 als Chief Risk Officer der Bank tätig ist, war maßgeblich an der Weiterentwicklung des unternehmensweiten Risikomanagements und der regulatorischen Compliance beteiligt. Unter seiner Führung hat F&M ein umfassendes Risiko- und Compliance-Team aufgebaut und die strategischen Entscheidungsprozesse verbessert.
Vor seiner Tätigkeit bei F&M war Faust als First Vice President und Direktor für Risikomanagement bei Northstar Financial Group sowie als Prüfungsleiter für das Department of Insurance and Financial Services in Michigan tätig. Er besitzt einen MBA von der Davenport University und einen Bachelor of Science in Betriebswirtschaft von der Central Michigan University.
- None.
- None.
ARCHBOLD, Ohio, May 21, 2025 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), is proud to announce the promotion of Eric D. Faust to Executive Vice President. Faust has served as the bank’s Chief Risk Officer since 2022, where he has led significant advancements in enterprise risk and regulatory compliance.
In his role, Mr. Faust has successfully built F&M’s comprehensive risk and compliance team, integrated regulatory compliance more deeply into strategic decision-making, and enhanced the bank’s oversight structures. His efforts have helped ensure F&M continues to meet evolving regulatory expectations while maintaining a strong foundation for safe and sound growth.
Prior to joining F&M, Mr. Faust served as First Vice President and Director of Risk Management at Northstar Financial Group in Wyoming, Michigan. He also held the position of Examination Manager for the State of Michigan’s Department of Insurance and Financial Services. He holds an MBA from Davenport University and a Bachelor of Science in Business Administration from Central Michigan University.
“Eric’s promotion to Executive Vice President is a testament to his leadership and deep understanding of risk and compliance in today’s banking environment,” said Lars Eller, President and CEO of F&M. “He has played a vital role in strengthening our risk culture and ensuring we remain responsive and resilient in a highly regulated landscape.”
Mr. Faust resides in Grand Rapids, Michigan, and will continue to lead F&M’s risk and compliance efforts in his expanded role.
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.
| Company Contact: | Investor and Media Contact: |
| Lars B. Eller President and Chief Executive Officer Farmers & Merchants Bancorp, Inc. (419) 446-2501 leller@fm.bank | Andrew M. Berger Managing Director SM Berger & Company, Inc. (216) 464-6400 andrew@smberger.com |
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/492467f9-4e52-45e6-a6fc-3278cf80cea0
FAQ
Who is Eric D. Faust and what is his new role at FMAO?
What are Eric Faust's key achievements as Chief Risk Officer at FMAO?
What is Eric Faust's professional background before joining FMAO?
What are Eric Faust's educational qualifications?
