F&M Bank Donates $323,000 to Area Nonprofits in 2017

In 1908, the local farmers and businessmen who met to discuss the formation of F&M Bank held a vision for a monetary venture to serve their community. Much has changed since our humble beginnings, but one thing that remains constant is our heart for the community. This year, a total of $323,000 was donated to area nonprofits to help support their mission of providing worthwhile services to local residents in need of assistance.

In 1908, the local farmers and businessmen who met to discuss the formation of F&M Bank held a vision for a monetary venture to serve their community. Former President and CEO Dan Todd reinforced this vision in 1967 by making a commitment to stockholders to serve the community, and that was the standard F&M would live by. In 1968, the Board of Directors authorzied sending $2,000 to area nonprofits.

F&M Bank took pride in giving back to the community, and in the coming years the bank experienced great success. According to Nancy Bondurant Jones in her book Banking on the Future, A 100 Year History of Farmers & Merchants Bank, “the bank’s continuing growth had to be credited to its continuing community service.” Each year around Christmastime, F&M Bank made financial contributions to local charities and volunteer fire and rescue organizations. Carlton Melton, former head executive at Rockingham Memorial Hospital offered the following story.

“During our late 1980s fundraising campaign to build the cancer center, I solicited funds from all the banking institutions in the area. When I got to Farmers & Merchants to meet with Dan Todd, I figured since they were less affluent, I’d ask for only $10,000. When I did, Todd asked me what I’d asked the other banks. I confessed I’d asked them for $20,000. He said, ‘Well, we’ll do that if we can do it over three years’. Then, in December, he phones to say, ‘We’ve had a good year, can we pay it all now?’ That little bank in Timberville wouldn’t be outdone by anyone.”

Much has changed since our humble beginnings, but one thing that remains constant is our heart for the community. The spirit of giving that existed in the 1980s is still very much alive at F&M Bank. This year, a total of $323,000 was donated to area nonprofits to help support their mission of providing worthwhile services to local residents in need of assistance. As we continue to grow and experience success, we will never forget our commitment to the communities we serve.

Pictured: Kevin See, Broadway Fire Department with Mary Campbell, Broadway Assistant Branch Manager. On behalf of the bank, Mary presented a donation to the Broadway Fire Department at their annual dinner in December.

YToxOntzOjE3OiJ0cmlnZ2VyX3JldmlzaW9ucyI7czoxOiIxIjt9

Protect Yourself from Card Skimming at the Gas Pump

Recently, card skimming has been a hot topic in our area. There is a group of professional criminals placing skimmers on gas pumps along the 1-81 corridor. How can you protect yourself from the agony of a fraud claim? Here are our 6 best tips:

Recently, card skimming has been a hot topic in our area. There is a group of professional criminals placing skimmers on gas pumps along the 1-81 corridor.

F&M Bank has been in contact with the Secret Service in Richmond to help combat this issue and protect our customers. The Secret Service has shared the following information:

Skimmers are placed inside the gas pumps making detection near impossible. There is a Bluetooth device being plugged into the card reader on the inside of the pump that is capturing card and PIN numbers. The criminals have even created stickers that look legitimate in order to convince consumers that the gas pump is secure.

How can you protect yourself from the agony of a fraud claim? Here are our 6 best tips:

1) Pay for your gas inside the store. You will completely avoid the skimming device.

2) Do not use pumps located farthest away from the store. They are hardest for store employees to monitor and most likely to be targeted.

3) If you pay at the pump, ALWAYS run your card as credit. If you enter your PIN, the criminals then have the number which can lead to fraudulent ATM withdrawals and larger losses.

4) Sign up for transaction text alerts. Knowing each time your card is used can give you the power to shut down your card quickly if an unauthorized transaction comes through. We offer this service through our mobile app!

5) Be sure your card issuer has your current phone number and offers 24/7 fraud watch so that you can be contacted when suspicious activity takes place.

6) Finally, fraud losses are covered by the card issuer, and this offers some relief. It may take up to 10 days to get your money back, which is a financial hardship and can be stressful, but you will recover your losses!

We understand that fraud can be an extremely frustrating situation, that is why we’re offering these tips. Help us protect your money and be cautious when paying at the pump!

 

F&M Bank Corp. Board of Directors Appoints President

F&M Bank Corp. Board of Directors Appoints President
On December 1, 2017, the Board of Directors of F&M Bank Corp. (OTCQX: FMBM) named Mark C. Hanna as the new President of F&M Bank.

PRESS RELEASE: F&M Bank Corp. Board of Directors Appoints President

For Immediate Release

TIMBERVILLE, VA ‐‐ On December 1, 2017, the Board of Directors of F&M Bank Corp. (OTCQX: FMBM) named Mark C. Hanna as the new President of F&M Bank.

“The board and I are delighted to have Mark join our team,” said Ellen Fitzwater, F&M Bank Board Chairman, “we are confident that Mr. Hanna’s well-rounded banking experience will serve our customers, shareholders, and communities well, and we look forward to working alongside him during his transition.”

Mr. Hanna brings over 27 years of banking experience to the position, most recently as Tidewater Regional President for Eastern Virginia Bankshares and as President and Chief Executive Officer of Virginia Company Bank.

On his appointment, Mr. Hanna said, “I am excited and honored to take on this role. I look forward to joining the F&M family while continuing the tradition of investing in our communities and providing a best-in-class experience for our employees, shareholders, and customers.”
Mr. Hanna will be relocating to the F&M Bank market area along with his family and will work alongside current CEO, Dean Withers, and the F&M Bank Board for the next several months.

For more information, or comments from Mrs. Fitzwater, Mr. Withers, or Mr. Hanna, please email marketing@fmbankva.com or call (540) 217-6409.

About F&M Bank Corp.
F&M Bank Corp. operates as the holding company for F&M Bank, which provides commercial banking and financial services to individuals and businesses in Virginia. The company’s deposit products include interest bearing and noninterest bearing demand, savings, and time deposits, as well as money market accounts. It also offers residential mortgage and construction loans; consumer installment loans; commercial loans, such as agricultural loans; and credit card loans. The company also provides title insurance, brokerage services, and property/casualty insurance to its banking customers. F&M Bank Corp., through its other subsidiary, TEB Life Insurance Company, reinsures credit life, and accident and health insurance. F&M Bank operates locations in Rockingham County, Shenandoah County, Page County, Augusta County, and the Cities of Harrisonburg and Staunton, Virginia. The company was founded in 1908, is headquartered in Timberville, and is the only publicly traded corporation based in Rockingham County, VA.

About F&M Bank
F&M Bank serves the Shenandoah Valley with 13 full-service branches, a network of ATMs, and a wide variety of financial services. Both individuals and businesses find the organization’s local decision-making, and up-to-date technology provide the kind of responsive, knowledgeable, and reliable service that only a progressive community bank can. F&M Bank has grown to over $750 million in assets and boasts over 160 full and part-time employees. Its conservative approach to finances and sound investments, along with excellent customer service, has made F&M Bank profitable and continues to pave the way for a bright future.

YToxOntzOjE3OiJ0cmlnZ2VyX3JldmlzaW9ucyI7czoxOiIxIjt9

F&M Bank Christmas Party Employee Recognition

On Saturday, December 9th, 2017, F&M Bank held its annual Christmas Party, and several employees were honored for their years of service and dedication to F&M Bank.

On Saturday, December 9th, 2017, F&M Bank held its annual Christmas Party, and several employees were honored for their years of service and dedication to F&M Bank.

Forty-Five Years of Service

Larry Caplinger (pictured with Dean Withers).


Thirty-Five Years of Service

Chuck Foltz (pictured with Dean Withers).


Thirty Years of Service

Lynette Wine (pictured with Dean Withers).


Fifteen Years of Service

Kitty Purcell, Mary Campbell, Sharrie Harrison, and Vickie Wendt (pictured left to right with Dean Withers).


Ten Years of Service

Ann Kirtley, Krista Suter, Ed Strunk, Tammy Whitmire (pictured left to right with Dean Withers). Not pictured: Roberta Kagey, Sarah Prusak, and Sheila Reedy.


Five Years of Service

Jennifer Foltz (pictured with Dean Withers). Not pictured: Sherrill Beahm, Greg Berkshire, JT Bishop, Donna Brown, Gary Davenport, Jessica Hartman, Bonnie Harris, Ryan May, and Robin Miller.

YToxOntzOjE3OiJ0cmlnZ2VyX3JldmlzaW9ucyI7czoxOiIxIjt9