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F&M Bank adds Intuit exec Erica Truban to board

F&M Bank Corp. (FMBM) reported that on August 25, 2026 its Board of Directors appointed Erica N. Truban as a director of the company, serving until the next annual meeting of shareholders.

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

F&M Bank Corp. (FMBM) reported that on August 25, 2026 its Board of Directors appointed Erica N. Truban as a director of the company, serving until the next annual meeting of shareholders. She was also appointed to the Board of Directors of Farmers & Merchants Bank, the company’s wholly owned banking subsidiary.

The company states there are no arrangements or understandings with other persons related to her selection, no related-party transactions requiring disclosure under Item 404(a) of Regulation S‑K, and she has never served as an officer or employee of the company. Ms. Truban is expected to serve on the Audit Committee and Operational Risk Committee and will receive standard non‑employee director compensation as described in the company’s proxy statement for the 2026 annual meeting, as adjusted by the Board from time to time. She joined Intuit, Inc. in 2018 and currently serves as Director, Customer Success – High-Value & Partner Firms, and is a Certified Public Accountant and Certified Information Systems Auditor.

Positive

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Appointment date August 25, 2026 Date the Board of Directors appointed Erica N. Truban as a director
Subsidiary board service Farmers & Merchants Bank Wholly owned banking subsidiary whose board Ms. Truban also joined
Current role at Intuit, Inc. Director, Customer Success – High-Value & Partner Firms Professional position held by Erica N. Truban since joining Intuit in 2018
Annual meeting reference year 2026 Year of the annual meeting whose proxy statement defines standard non‑employee director compensation
Item 404(a) of Regulation S-K regulatory
"transactions involving the Company and Ms. Truban that the Company would be required to report pursuant to Item 404(a) of Regulation S-K"
Audit Committee financial
"Ms. Truban is expected to serve on the Audit Committee and Operational Risk Committee"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
Operational Risk Committee financial
"expected to serve on the Audit Committee and Operational Risk Committee of the Board"
Certified Public Accountant financial
"She is a Certified Public Accountant and a Certified Information Systems Auditor"
A certified public accountant (CPA) is a licensed accounting professional who has passed rigorous exams and met education and experience requirements to prepare, review, and officially certify financial statements and tax filings. For investors, a CPA's involvement is like a neutral referee confirming that a company's reported numbers are accurate and follow accounting rules, which improves trust in financial reports and lowers the risk of unexpected errors or misleading information.
Certified Information Systems Auditor technical
"She is a Certified Public Accountant and a Certified Information Systems Auditor"

FAQ

What board change did FMBM announce on August 25, 2026?
F&M Bank Corp. announced that on August 25, 2026 its Board appointed Erica N. Truban as a director of the company to serve until the next annual meeting of shareholders, and also appointed her to the Board of Farmers & Merchants Bank, its wholly owned banking subsidiary.

Will the new FMBM director Erica N. Truban serve on any board committees?
Yes. F&M Bank Corp. states that Ms. Erica N. Truban is expected to serve on the Board of Directors’ Audit Committee and Operational Risk Committee in connection with her appointment as a director.

How will FMBM compensate director Erica N. Truban?
F&M Bank Corp. states that Ms. Truban will receive compensation under its standard arrangements for non‑employee directors, including meeting fees, retainers and bonuses, as described in the company’s proxy statement for the 2026 annual meeting, as adjusted by the Board from time to time.

What is Erica N. Truban’s professional background mentioned by FMBM?
F&M Bank Corp. reports that Ms. Truban joined Intuit, Inc. in 2018 and currently serves as Director, Customer Success – High-Value & Partner Firms. She is also a Certified Public Accountant and a Certified Information Systems Auditor.

How long will Erica N. Truban serve on FMBM’s board before re-election?
F&M Bank Corp. states that Ms. Erica N. Truban has been appointed as a director to serve until the company’s next annual meeting of shareholders, at which point shareholders would decide on her continued service under the company’s normal processes.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 25, 2026

 

_________________________

 

F&M Bank Corp.

(Exact name of registrant as specified in its charter)

 

Virginia

 

000-13273

 

54-1280811

(State or other jurisdiction

of incorporation)

 

(Commission

 File Number)

 

(IRS Employer

Identification No.)

 

P.O. Box 1111

 Timberville, Virginia 22853

(540) 896-8941 

(Address including zip code, and telephone number, including area code, of registrant’s principal executive offices)

 

Not Applicable

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

 

None

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(d) On August 25, 2026, the Board of Directors of F & M Bank Corp. (the “Company”) appointed Erica N. Truban as a director of the Company to serve until the Company’s next annual meeting of shareholders. Ms. Truban was also appointed as a member of the Board of Directors of Farmers & Merchants Bank, the Company’s wholly owned banking subsidiary. There are no arrangements or understandings between Ms. Truban and any other persons pursuant to which she was selected as a director. There are no transactions involving the Company and Ms. Truban that the Company would be required to report pursuant to Item 404(a) of Regulation S-K. Ms. Truban has never served as one of the Company’s officers or employees. Ms. Truban is expected to serve on the Audit Committee and Operational Risk Committee of the Board of Directors.

 

Ms. Truban will receive compensation in accordance with the Company’s standard compensation arrangements for non-employee directors, including meeting fees, retainers and bonuses, as described in the Company’s proxy statement filed in connection with the 2026 annual meeting of shareholders, as adjusted by the Board of Directors from time to time.

 

Ms. Truban joined Intuit, Inc. in 2018 and currently serves as Director, Customer Success – High-Value & Partner Firms. She is a Certified Public Accountant and a Certified Information Systems Auditor.

 

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 F & M Bank Corp.
    
By:/s/ Lisa F. Campbell

 

 

Lisa F. Campbell 
  Executive Vice President and Chief Financial Officer  

 

 

 

 

Date: August 26, 2026

 

 

 

 

 

3

 

Source: View Original Filing on SEC EDGAR

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