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F&M Bank – Farmers & Merchants Bank Names New Chief of Development and New Chief Credit Officer


F&M Bank – Farmers & Merchants Bank Names New Chief of Development and New Chief Credit Officer

For Immediate Release | Timberville, VA. August 24, 2022 – F&M Bank, a subsidiary of F&M Bank Corp., is pleased to announce the promotion of Paul Eberly to Chief Development Officer and Jason Withers to Chief Credit Officer. This change is made in response to the company’s expanding loan portfolio in the small business and agricultural industries.

Eberly, former Chief Credit Officer for F&M Bank, stated “I’m honored to work with a company that prioritizes our local agricultural needs, and I’m thrilled to work more directly with our local farmers and to support our initiatives in this space.”

Withers has been with F&M Bank since April 2021 and has over 15 years of commercial credit experience. Jason commented, “I look forward to expanding my role and managing our credit portfolio as F&M Bank continues to support the ever-changing financing needs of our communities.”  Withers has deep ties to the Shenandoah Valley and graduated from Coastal Carolina University.

Mark Hanna, F&M Bank’s President & CEO, is available for additional comment. Please call (540) 896-1743 or contact Jacob Mowry at jmowry@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 provides 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.