April 24, 2018 5:20 AM ET

Banks

Company Overview of Farmers and Merchants Bank, Inc.

Company Overview

Farmers and Merchants Bank, Inc. provides personal and business banking services. It offers checking and savings accounts. The company also offers loans/lending solutions, such as consumer, home, home equity, commercial, and agricultural loans; and credit cards. In addition, it offers trusts/investment services, which include trust services and farm management services; and online banking services. The company was founded in 1945 and is based in Stuttgart, Arkansas with branches in Hazen, DeValls Bluff, DeWitt, and Des Arc, Arkansas. Farmers and Merchants Bank, Inc. operates as a subsidiary of The Farmers And Merchants Bankshares, Inc.

708 South Main Street

PO Box 1010

Stuttgart, AR 72160

United States

Founded in 1945

Phone:

888-672-4222

Key Executives for Farmers and Merchants Bank, Inc.

Chief Executive Officer, President and Director
Senior Vice President of Operations
Senior Vice President
Senior Vice President
Executive Vice President and Director
Age: 58
Compensation as of Fiscal Year 2017.

Farmers and Merchants Bank, Inc. Key Developments

Farmers and Merchants Bank Elects Mrs. Louna S. Primm to Serve as Director, Effective February 20, 2018

On January 26, 2018, Farmers and Merchants Bancshares, Inc. announced that its board of directors and the board of its wholly-owned subsidiary, Farmers and Merchants Bank (the “Bank”), elected Mrs. Louna S. Primm to serve as a director on these boards effective February 20, 2018. The boards anticipate that Mrs. Primm will be appointed to serve on their loan committee. Mrs. Primm has 52 years of banking experience including 43 years in Senior and Executive management positions with Carroll County Bank, BB&T, and New Windsor State Bank where she retired in June of 2017 as Executive Vice President/Chief Lending Officer. Mrs. Primm has served on many non-profit boards including the Carroll Hospital Foundation, Carroll Hospice, Carroll Community College Foundation, and the Carroll County Chamber of Commerce. In 2015 she was presented the Lifetime Achievement Award by the Maryland Bankers Association Council of Professional Women. For her service, Mrs. Primm will be entitled to receive the same director compensation as that received by other non-employee directors, which is $675 in cash for each board meeting attended and $430 in cash for each committee meeting attended.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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