Farmers & Merchants Bancorp ( (FMAO) ) has shared an update.
Farmers & Merchants Bancorp, Inc. has appointed Kevin G. Frey to its Board of Directors following the retirement of Dr. K. Brad Stamm, effective November 19, 2024. Frey will receive a standard annual cash retainer of $50,000 for his service, along with an additional $15,000 in company stock. The company regularly extends loans to directors under standard business terms, ensuring no special treatment or risk. This strategic move aims to maintain the board’s effectiveness and uphold the company’s governance standards.
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