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Farmers & Merchants Bancorp, Inc. is an Ohio bank holding company for F&M Bank, a community bank that provides commercial banking, retail banking and other financial services across markets in Ohio, Indiana and Michigan. Company news centers on consolidated earnings, net interest margin, credit quality, capital ratios, loan portfolio trends and dividend declarations.
Recurring updates also cover F&M Bank leadership appointments, technology and cybersecurity priorities, customer-experience initiatives, agricultural finance, commercial real estate exposure and market-level banking activity. The company's releases often frame results through balance sheet management, noninterest income, efficiency and shareholder capital returns.
Farmers & Merchants Bancorp (Nasdaq: FMAO) announced a 6.3% increase in its quarterly cash dividend, raising it to $0.17 per share from $0.16. This marks the 26th consecutive annual increase since 1994. The dividend will be paid on October 20, 2020, to shareholders of record as of September 29, 2020. Lars B. Eller, President and CEO, stated that the increase reflects the bank's strong financial position and commitment to supporting shareholders during the ongoing pandemic.
Farmers & Merchants State Bank announced the appointment of Shalini Singhal as the new Chief Information Officer. Singhal brings over 20 years of experience in information technology, previously serving as CIO for The Middlefield Banking Company. In her new role, she will lead IT strategy and enhance user experience through technology. Singhal holds an MBA in Systems and Operations and is keen on delivering transformative IT solutions. The company has been operating since 1897, providing banking services across Northwest Ohio and Northeast Indiana.
The Board of Directors of Farmers & Merchants Bancorp has approved a quarterly cash dividend of $0.16 per share, payable on July 20, 2020, to shareholders of record as of June 29, 2020. The company, which operates The Farmers & Merchants State Bank with assets of $1.7 billion, has been serving Northwest Ohio and Northeast Indiana since 1897. This announcement reflects the company's continued commitment to returning value to its shareholders amidst current economic conditions.
Farmers & Merchants Bancorp (Nasdaq: FMAO) has been named one of the Top 200 Publicly Traded Community Banks and Thrifts by American Banker magazine for the fourth consecutive year. This recognition is based on the company's three-year average return on equity (ROE) as of December 31, 2019. CEO Lars Eller expressed pride in this achievement, highlighting the dedication of their team and their commitment to customer relationships. Farmers & Merchants State Bank, the affiliate of FMAO, has been operational for 123 years and holds assets of $1.6 billion.