F&M Bank Opens Old Town Winchester Banking Center
A second branch location will follow in late 2022
TIMBERVILLE, Va. (April 25, 2022) – On Monday, April 18, F&M Bank continued its growth in Winchester with a new banking center located in historic Old Town Winchester. This is F&M Bank’s 13th branch in Virginia. Later in 2022, a second Winchester branch location is slated to open west of Old Town on Amherst Street.
F&M Bank identified Winchester as a strategic growth opportunity due to its thriving local economy, prospering businesses, robust non-profit network, and a community that’s committed to preserving its history while at the same time looking to the future.
“As a bank with more than 100 years of history we look to do business with people and communities that align with our values – and for us, Winchester is a perfect match,” said Mike Wilkerson, Chief Lending Officer and Winchester Market Executive. “The ‘Top of Virginia’ is thriving and our sweet spots of agriculture, non-profit and business banking reflect the needs of our community. In a world of bank consolidation and branch closures, F&M is committed to organic growth and market expansion. When we expand our ability to serve our customers, everybody wins.”
In January 2021, F&M Bank opened a commercial banking and loan production office in the Winchester market with an experienced banking team who has a 20-year history of working together. This northern Shenandoah Valley market has accrued over $36 million in deposits and $21 million in loans. Mr. Wilkerson leads the team which consists of John Sargent, SVP and Jonathan Reimer, SVP who are Commercial Relationship Managers, Gail Pryde and Ronda Gross, Business Relationship Specialists, and Bill Steele, VP, Senior Credit Analyst.
Today, with the announcement of its Old Town location opening, this team is excited to leverage their 150 years of combined banking experience to deliver customized loan, deposit, and cash management solutions to business and personal customers.
Lauren Fravel has been named as Banking Center Specialist for the Old Town Winchester location. Lauren brings over 25 years of experience to the team and is eager to welcome new customers. The banking center will also employ associates for F&M Mortgage and VS Title in the coming months.
The branch is located at 3 South Cameron Street, at the corner of Boscawen and Cameron Streets. Hours are 8:30am am to 5:00 pm with extensive digital offerings available online and on the F&M Bank mobile app.