Doug Shaw Named F&M Bank’s Regional President for the Southern Ohio Market

ARCHBOLD, Ohio, Sept. 21, 2023 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) announced the appointment of Doug Shaw, Jr. as the Regional President of its Southern Ohio market.

Lars Eller, President and Chief Executive Officer stated, “Doug has been a valuable member of F&M's Commercial Lending team for nearly 10 years. His knowledge of our products and incredible leadership skills will greatly benefit F&M as we remain community-vested across Southern Ohio.”

Doug will be accountable for F&M’s Southern Ohio region, including Sidney, Findlay, Anna, Jackson Center and Urbana. “I’m eager to move to the area and get to know the market, just as I’ve been able to do in F&M’s legacy Northwest Ohio market. F&M’s footprint continues to grow, and I’m excited to execute strategies to meet our business objectives in Southern Ohio and the surrounding markets,” said Shaw.

He has a Master of Business Administration (M.B.A.) with a specialization in Finance at The University of Toledo and a Bachelor of Arts degree in Strategic Communications from The Ohio State University. Doug is also a graduate of ABA National Commercial Lending School.

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, and we have Loan Production Offices in West Bloomfield, Michigan; Muncie, Indiana; 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