FMAO - F&M Bank Realigns Organizational Structure to Support Future Growth | Benzinga
- Barbara Britenriker, EVP/Chief Financial Officer for F&M Bank and Farmers & Merchants Bancorp, Inc.
- Katrina DeGroff, SVP/Chief Accounting Officer
- Andrew Baker, SVP/Chief Retail Banking Officer and Regional President of Northern Indiana
- Taryn Marino, SVP/Deputy Chief Retail Banking Officer
ARCHBOLD, Ohio, Oct. 25, 2023 (GLOBE NEWSWIRE) -- F&M Bank ("F&M"), an Archbold, Ohio-based community bank owned by Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) announced several organizational changes to achieve strategic goals and ambitions for the future of the organization.
Lars Eller, President and Chief Executive Officer stated, "As we look forward and set strategic goals for 2025, we see the need to adjust our organizational structure. F&M met its strategic goal set in 2020 of surpassing $3 billion in assets. We are on a new path to grow to $5 billion in total assets by 2025. To support our growth plan, it is important to expand our focus on our financial reporting, investor relations, cash management and retail bank operations. These are exciting changes and set F&M up to be successful and scalable as we continue to grow."
Barbara Britenriker, EVP/Chief Financial Officer for F&M Bank and Farmers & Merchants Bancorp, Inc.
As Chief Financial Officer for both F&M Bank and Farmers & Merchants Bancorp, Inc., Barb will lead the redesign of the Company's finance capabilities to support a bank with $5 billion in total ...