F&M Bank Corp. Announces Appointment of Three Board Members

Timberville, VA (September 2, 2021) – F&M Bank Corp. (OTCQX:FMBM), parent company of Farmers & Merchants Bank, announces the appointment of three new corporate members as of the July 2021 meeting of the board of directors. The new members are Daphyne Saunders Thomas with James Madison University; John Willingham with Stoneridge Companies; and Hannah Hutman with Hoover Penrod, PLC.

“Our Board of Directors is comprised of a dedicated team of community leaders committed to providing strength, stability and longevity to the businesses and communities of the Shenandoah Valley,” said Mark Hanna, President and CEO of F&M Bank Corp. “We are excited to channel Hannah, Daphyne and John’s talent, expertise and energy into furthering our mission and vision.”

Daphyne ThomasDaphyne Saunders Thomas served as the endowed Adolph Coors Professor of Business Administration chair until her retirement and is currently a professor emerita at James Madison University.  A graduate of The Washington and Lee University School of Law, she joined the College of Business faculty in 1981, and completed her MBA at JMU.  Thomas earned her undergraduate degree at Virginia Tech. She currently teaches graduate classes for James Madison University for the Executive Leadership MBA and for the Master of Accounting programs. She was a co-founder and co-director of the CyberCity Summer Program, a nationally award-winning summer technology program for middle and high school students from underrepresented populations. Thomas also previously chaired the Harrisonburg Electric Commission and is a former chair of the Harrisonburg/Rockingham Community Services Board. She currently serves on the boards of numerous non-profit organizations, including Sunnyside Communities, The Explore More Children’s Museum, The Community Services Board Halfway House, The JMU College of Visual and Performing Arts Advisory Board, The Harrisonburg/Rockingham Child Daycare Center and The Community Foundation of Harrisonburg/Rockingham Grants and Scholarship committee. Previous gubernatorial appointments include service on the Commonwealth Transportation Board, the Jamestown Yorktown Foundation, the Outstanding Virginian Day, and the Selective Service System Board.  She serves on the audit and ORC committees of the F & M Corporate Board.


John Willingham

John Willingham
, CPA, is President of Stoneridge Companies, a multi-faceted real estate development, construction and realty company based in Winchester, VA. Additionally, he is the President of Total Remodeling, a regional sunroom and outdoor living contractor. Previously, John was a business banking manager and senior commercial lender for Wells Fargo, CFO of a publicly traded community bank, and was in public accounting with Yount, Hyde and Barbour, P.C. and PricewaterhouseCoopers.  He currently serves as Chairman for the Frederick Winchester Service Authority and is a member of the board for Grafton Integrated Health Network. Previously, he served 12 years as a City Councilor for the City of Winchester and was President of Council for 5 years.




Hannah HutmanHannah Hutman is a partner at the law firm of Hoover Penrod, PLC, in Harrisonburg. Her practice includes representing creditors, trustees, and debtors in bankruptcy proceedings and insolvency related matters. Hannah has represented national and regional banks in all aspects of commercial loan transactions and collections, including restructuring obligations, asset liquidations and dispositions, and foreclosure. Hannah is a member of the panel of Chapter 7 trustees for the Western District of Virginia.  In addition, Hannah provides legal counsel and services in entity formation and governance matters, financing transactions, contracts, and business asset transfers.  She is a former Chair of the Board of Governors of the Bankruptcy Law Section for the Virginia State Bar. Hannah is “AV” rated by Martindale-Hubbell, has routinely been listed in Super Lawyers as a Rising Star, selected as a member of Virginia’s “Legal Elite,” and included in the American Bankruptcy Institute’s 2018 class of “40 under 40.”  She received her J.D. from the Marshall Wythe School of Law at the College of William and Mary in Williamsburg, Virginia and her B.A, summa cum laude, from Columbia Union College in Takoma Park, Maryland.  Hannah lives in Harrisonburg with her husband Matt and two sons.

F&M Bank Announces Third Annual Local Business You Love Contest

F&M Bank is excited to announce the return of its “Local Business You Love” contest for a third year, kicking off on September 1st. Throughout September, F&M Bank will ask Shenandoah Valley residents to nominate their favorite local business to win $10,000. First round nominations will be accepted September 1 – 17, 2021 on the  F&M Bank website.

As a community bank dedicated to the Shenandoah Valley, we consistently look for ways to support small business and Virginia-based organizations. Encouraging public participation in the contest has proven to be a fun way for our bank to boost awareness and publicity for locally owned businesses.

Mark Hanna, President and CEO, states, “In 2019, a group of F&M Bank employees created the ‘Local Business You Love’ contest to celebrate and recognize the positive impact local businesses have made in our footprint. The contest has proven to be a tremendous success evident from the community support shown by Shenandoah Valley residents. We are thrilled to host the contest again this year to help amplify the small businesses who continue to persevere through extremely difficult seasons.”

First round nominations will be accepted online through September 17thst at 5pm. A panel of F&M Bank employees will then determine the Top 10 based on nomination relevance. On September 30th, the Top 10 will be announced, a round of public voting will begin, and the $10,000 winner will be announced later in the fall at a reception honoring the Top 10 contestants.

More information regarding the Local Business You Love Contest, including the nomination form and a complete list of rules and regulations, can be found at www.fmbankva.com/bizyoulove.

For more information, please contact Holly Thorne, marketing@fmbankva.com.

F&M Bank Announces New Office in Winchester

TIMBERVILLE, VA., July 16, 2021 — F&M Bank Corp. (OTCQX:FMBM), holding company for F&M Bank, announced today the opening of a new commercial office in downtown Winchester. The office is located on the third floor of the historic Odd Fellows building at 45 E. Boscawen Street. Earlier in 2021, F&M Bank welcomed a local commercial team with 141 years of combined experience to spearhead the Company’s move into the northern Shenandoah Valley market. Led by Chief Strategy Officer & Northern Market Executive, Mike Wilkerson, the team consists of commercial relationship managers John Sargent and Jon Reimer; business relationship specialists Ronda Gross and Gail Pryde; and senior credit analyst Bill Steele.

“We are thrilled to grow into the vibrant City of Winchester and surrounding Frederick County,” said Mike Wilkerson. The “’Top of Virginia’ is a thriving, local economy and is contiguous to F&M’s existing Shenandoah Valley footprint. We look forward to contributing to the continued success of the region and supporting the needs of the agricultural industry, commercial and small businesses, and nonprofit organizations.

Mr. Wilkerson is available for further comment. Please contact Holly Thorne at marketing@fmbankva.com.

About F&M Bank
F&M Bank Corp. (OTCQX: FMBM) proudly remains the only publicly traded organization based in Rockingham County, VA, and since 1908, has served the Shenandoah Valley through its banking subsidiary F&M Bank, with full-service branches and a wide variety of financial services, including home loans through F&M Mortgage, and real estate settlement services and title insurance through VSTitle. 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 $1 billion in assets with more than 175 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.

How to Protect Seniors Against Cybercrimes and Scams

Many of the crimes that occur in real life happen on the internet too. Credit card fraud, identity theft, embezzlement, and more, all can be and are being done online. Seniors and the elderly are often targeted for these cybercrimes. They tend to be more trusting than younger people and usually have better credit, and more wealth. This makes them more attractive to scammers. Seniors are considered easy targets by criminals because they might not know how to report cybercrimes against them. In some cases, seniors can experience shame and guilt over the scam. They may also fear that their families will lose trust in their ability to continue to manage their own finances.
Cybercrimes Targeting Seniors
Here are some common cyber scams used against senior citizens and how to avoid them:

Tech support scam: Criminals pose as technology support representatives and offer to fix non-existent computer issues. The scammers can gain remote access to victims’ devices and their stored sensitive information.

Government impersonation scam: Criminals pose as government employees and threaten to arrest or prosecute victims unless they agree to provide payments.

Financial scam: Criminals target potential victims using illegitimate credentials from legitimate services, such as reverse mortgages or credit repair.

Romance scam: Criminals pose as interested romantic partners on social media or dating websites, particularly targeting women and those who are recently widowed.

A new twist is to use the romance scam to recruit victims for other illegal activity. This could include using the victim’s bank account to launder illegally obtained money or apply for benefits in another person’s name. Institutions may become suspicious, especially if these transactions are out of character. They may close the victim’s account, or even refer the account for prosecution, putting the senior citizen at risk for legal action.

Tips to Protect Seniors Against Cybercrimes
Here are some tips on how to protect yourself or someone you love from cybercrimes:

If you use social media, limit the amount of personal information you post and only add people that you know.

Resist the scammer’s urge for you to act quickly. Scammers are very skilled at manipulating emotions and will fabricate an emergency to persuade a victim to act without thinking.

Search for information about the proposed offer and any contact information given by the scammer. There are people and agencies online or in your community who can tell you if an individual or business is a scam. Never be afraid to ask other people for help.

Never send money or personally identifiable information to unverified people or businesses. Be suspicious about anyone who demands gift cards as payment.

Use reputable antivirus software and firewalls and make sure you regularly update them. If possible, configure your device to automatically download and install updates.

Disconnect from the internet and shut down your device if you see unusual pop-ups or get a locked screen. Pop-ups are often used by criminals to spread malicious software.

Be cautious what you download. Never open email attachments from someone you don’t know.

What to Do if You’re Targeted by a Scammer
If you think you are being targeted by a scammer:

Never share financial account information, and do not allow anyone access to your accounts.

Monitor your accounts and credit for unusual activity, such as large sums of money that you did not deposit or loans that you did not apply for.

Contact your local law enforcement agency to file a report and notify your financial institutions.

Sources https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/




F&M Bank Opens New Location in Waynesboro, VA

Pictured above: 2020 Calendar Photo entry submitted by Makeba Robinson


FOR IMMEDIATE RELEASE: F&M Bank Opens New Location in Waynesboro, VA

TIMBERVILLE, VA—April 23, 2021— F&M Bank, a locally owned independent community bank headquartered in Rockingham County is excited to announce the opening of its newest location in Waynesboro, VA on Monday, April 26, 2021. The full-service branch located at 2701 West Main Street expands the $1 billion community bank’s presence to four banking offices in the Augusta County market and 12 offices serving the greater Shenandoah Valley.

“The F&M Bank team is delighted to grow into the vibrant City of Waynesboro – a thriving, local economy,” said Mark Hanna, President & CEO. “With this growth, we remain focused on serving the Shenandoah Valley and contiguous markets as an independent bank for the long-term. The decision to expand into Waynesboro supports our strategic initiative of organic expansion in core markets to better serve the banking needs of our communities.”

In January 2021, F&M Bank entered into an agreement with Carter Bankshares, Inc. to acquire the branch, and associated client relationships, which recently received regulatory approvals. The Company also welcomes two Carter Bank & Trust employees, Lisa Shiflet and Breanna Rodgers to the F&M Bank family.

Mr. Hanna is available for further comment. Please contact Holly Thorne at marketing@fmbankva.com, (540) 217-6409

Mark Hanna Appointed to 2021 Housing Finance Subcommittee

Mark Hanna President & CEOWashington, D.C. (March 29, 2021)—The Independent Community Bankers of America (ICBA) today announced that local community banker Mark Hanna, President & CEO of F&M Bank, Timberville, VA, was named to serve on ICBA’s 2021 Housing Finance Subcommittee. In March 2020, Mr. Hanna was also elected to serve as the ICBA’s Elected Federal Delegate for Virginia for a three-year term, running through March 2023. ICBA is the nation’s voice for community banks.

“I am honored to represent our industry and share my experiences as a community banker to help ICBA communicate the positive story of community banking,” Hanna said. “Community banks are trusted relationship-based lenders, invested in the success of their customers and the economic prosperity of their community.”

In addition to helping shape and advocate ICBA’s national policy positions and programs, Hanna’s duties include engaging in grassroots activities in Virginia to promote pro-community bank policies and serving as a liaison between community banks and ICBA staff and leadership in Washington, D.C.

“Mark is a dedicated community banker who is highly respected in his community and by his industry peers,” said ICBA Chairman Robert M. Fisher, president and CEO of Tioga State Bank, Spencer, New York. “We are delighted Mark has accepted this appointment and generously volunteered his time and professional talents in pursuit of creating an environment where community banks, and the communities they serve, continue to flourish.”

About ICBA
The Independent Community Bankers of America creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.
With nearly 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, over $4.4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.

Community Investment Radio

Relocation Guide for Winchester and Frederick County: What You Need to Know for a Successful Move

Are you considering a relocation to the city of Winchester or have you recently moved to Frederick County? Keep reading for everything you need to know about living in the Shenandoah Valley.

Founded in 1752, Winchester is a medium-sized city with plenty to offer history buffs as well as people looking for modern amenities and entertainment. Still affordable and within commuting distance to D.C., Winchester is a great place to raise a family and/or to telecommute to a job in the greater metro area. In addition to its proximity to the Northern Virginia/D.C. metro area, you can also drive to other East Coast Cities like Baltimore, Philadelphia, and even New York (4 hours away).

As part of the Shenandoah Valley, Winchester and the rest of Frederick County have an abundance of natural beauty, parks and trails, and historical sites. Vineyards and farms dot the landscape here as well. Keep reading to learn more about Winchester and Frederick County!

What is the cost of living in Winchester and Frederick County?

According to the rankings from Sperling’s Best Places, Winchester’s cost of living is 101.8 out of 100, making it slightly more expensive than the U.S. average but more affordable than the statewide average for Virginia.

Perhaps the biggest factor in Winchester’s cost of living is its hot housing market, where demand outweighs supply and homes sell for a median price of $251,000. Still, that is very affordable compared to home prices in towns closer to D.C. Winchester is a great option for people who want to be within commuting distance of the metro area but can work remotely some or all of the time.

Another benefit of living in Winchester is that real estate taxes are relatively low, with the tax rate for 2020 at $0.93 per $100 of assessed value.

Looking to rent instead of buy? You’ll find that one-bedroom units rent for an average of $770/month in Winchester and two-bedrooms go for about $1,020.

Education in Frederick County

In addition to Frederick County Public Schools, our community also benefits from higher education institutions.

Frederick County Public Schools offers 12 elementary schools, including eight in Winchester; four middle schools, with three in Winchester; and three high schools, two of which are in Winchester. Preschool is also available for eligible students in certain elementary school attendance zones.

If you’re interested in private school in Winchester, here is a sampling of options:

As for higher education in Frederick County:

Neighborhoods in Winchester

As a medium-sized city, Winchester offers a mix of newer and more historic housing in both urban and suburban settings. Popular neighborhoods include:

  • Old Town: Historic downtown neighborhood with residential units as well as retail, dining, and cultural attractions.
  • College Park: Suburban neighborhood adjacent to Shenandoah University
  • Green Acres: Suburban community with midsize homes dating back to 1959.
  • Ash Hollow Estates: Another planned suburban community

Other Major Towns in Frederick County

Transportation and Infrastructure

The Winchester Regional Airport is 70 miles from Dulles International Airport

  • The Winchester Regional Airport is 70 miles from Dulles International Airport.
  • Major roadways include I-81, I-66, US 50, US 11, US 522, VA Primary 7, and VA Primary 37.
  • Public transit options include Win Tran and RouteShout.
  • Commuting to D.C.? You can drive to a Park & Ride Lot and take a commuter bus to a nearby metro station.

Setting Up Local Utilities

Creating new utility accounts may not be the most fun task associated with moving, but we’ve made it easier for you with this handy list of local providers:

  • The City of Winchester’s Public Utilities department provides water and wastewater services to residents. To apply for water and sewer service, fill out the online application or visit the Utilities Customer Service Center in Rouss City Hall. A $170 deposit is required of all first-time residential customers and will be credited back to your account after a certain number of on-time payments. If you are renting your home in Winchester, you’ll need to fill out the Tenant Form and get it signed by your landlord.
  • Winchester receives electricity from the Shenandoah Valley Electric Cooperative. To open a new account, call SVEC at 1 (800) 234-7832. You’ll pay a $5 membership fee and a deposit may be required, depending on the results of their evaluation.
  • For natural gas, you’ll need to open an account with Shenandoah Gas, a subsidiary of Washington Gas.
  • When it comes to telecom providers, you can choose from a variety of options, including Comcast, DIRECTV, DISH Network, HughesNet, Lumos Networks, Verizon, Visuallink, Wave2Net, and Winchester Wireless.

Healthcare Services

Winchester and Frederick County offer many reliable options for animal hospitals. Also, the Esther Boyd Animal Shelter is a great foundation for those looking to adopt.

Looking for new doctors for your family? Winchester Medical Center, part of the Valley Health System, offers urgent care, internal medicine and pediatric services, as well as a variety of specialty fields in both inpatient and outpatient settings. Medical offices are located on the hospital’s main campus, or within a quick drive. Winchester Medical Center is an award-winning facility and essential resource for residents of the Northern Shenandoah Valley. Numerous dental practices can also be found throughout the city.

To care for the pets in your life, you’ll be pleased to find many veterinarian offices and emergency hospitals throughout Frederick County. If you’re looking to adopt a pet, check out the Esther Boyd Animal Shelter or the SPCA of Winchester, Frederick, and Clarke Counties.

Parks and Recreation

FCPRD manages a system of owned or maintained facilities and developed park land, including 3.6 miles of paved multipurpose trail, two miles of unpaved trails, nineteen picnic shelters, nine playgrounds, two fishing lakes, and two outdoor pools.

Winchester’s Parks and Rec department offers a variety of educational, athletic, and arts/crafts programs for children and adults as well as facilities, parks, trails, dog parks, and camps. Jim Barnett Park is the largest park in Winchester with over 170 acres of green space and amenities.

For even more parks and recreational opportunities, visit Frederick County’s Parks & Recreation page.

Local Attractions

Local Media

Frederick County Libraries

Find local branches and use digital resources from the Handley Regional Library System.

Community Banking with F&M

If you’ve recently moved to Winchester-Frederick County, one of the most important decisions you’ll make is where to bank. F&M has a long local history of commitment to serving and investing in Shenandoah Valley communities. At our branches, you’ll find a friendly group of employees ready to answer your questions about getting a mortgage, taking out a personal loan or business loan, or opening one of our high interest checking and savings accounts.