🏦 Basic Information
Full Name and Abbreviation
Full name: F & M Bank Corp.
Abbreviation: FMBM (stock code), or commonly known as F&M Bank.
Its main operating subsidiary is Farmers & Merchants Bank.
Name of subsidiary company
Parent company: F & M Bank Corp., a financial holding company.
Subsidiaries:
Farmers & Merchants Bank: Core commercial bank offering retail and commercial banking services.
VBS Mortgage: Provides residential mortgage services and is headquartered in Harrisonburg, VA.
VSTitle: Offers title insurance and real estate settlement services, headquartered in Harrisonburg.
TEB Life Insurance Company: Provides credit life insurance and accident health insurance reinsurance services.
Founded F
& M Bank Corp. was founded on April 15, 1908, and its subsidiary, Farmers & Merchants Bank, began operations as a chartered bank in Virginia that same year, making it the oldest banking institution in Rockingham County.
Country
of Registration United States
English Headquarters Address
Corporate Office: P.O. Box 1111, Timberville, VA 22853, USA
Principal operating offices are located in Rockingham, Shenandoah, Augusta, and Page counties in Virginia.
Business status Active
operation, as of 2020, with 11 branches and expanding services through loan production offices and subsidiaries. F&M Bank Corp. is a publicly traded company on the Nasdaq (ticker: FMBM), indicating that its financial and operational conditions are subject to strict regulatory and disclosure requirements.
Background F
&M Bank originated in 1908 as a community bank in Rockingham County, Virginia, dedicated to serving local residents and businesses. After a century of development, it has expanded from a single bank to a financial holding company, providing diversified financial services. With a community-oriented focus on local decision-making and personalized service, the bank is the only publicly traded financial institution headquartered locally in the Shenandoah Valley region of Virginia. Its business model combines traditional banking services with modern financial technology to maintain regional competitiveness.
Registered capital The
registered capital of F&M Bank Corp. is not clearly disclosed in the public information. As a listed company, its capital structure is mainly reflected through shareholders' equity and open market financing, and specific data can be found in its annual report (such as the 2024 annual report).
Key Executive Background
Vincent J. Delie, Jr. (CEO, refer to FNB Corporation Executive Background, due to data may be confusing, temporarily F&M Bank Corp.): For specific executive information, please refer to the latest annual report or official website of F&M Bank Corp. According to public information, F&M Bank's management team is composed of local financial professionals with deep community banking experience, and some executives have decades of experience in the Virginia banking industry.
Other key positions (e.g., CFO, COO) are typically held by professionals with backgrounds in banking operations, risk management, and compliance, and the list can be found through the F&M Bank Corp. investor relations page.
Advisory Team
F&M Bank Corp. has several advisory boards, including banking, mortgage, agriculture, Harrisonburg, Rockingham, and Winchester regional boards. These committees comprise local business leaders, agricultural experts, and financial professionals who provide strategic advice and community insights. In 2023, the advisory board participated in the redefinition of the company's culture and strategic direction, but the specific list of members was not disclosed.
Corporate Structure
F & M Bank Corp., as a holding company, adopts a hierarchical management structure:
Board of Directors: Responsible for strategic decision-making and oversight, with members including internal executives and independent directors.
Subsidiary Operations: Farmers & Merchants Bank provides ancillary financial services for core business units, VBS Mortgage and VSTitle, and TEB Life Insurance focuses on insurance reinsurance.
Branch Network: As of 2020, operates 11 branches covering multiple counties in Virginia and expands mortgage operations through loan production offices.
Shareholding structure
F&M Bank Corp. is a publicly traded company with dispersed shares among institutional investors, individual shareholders and insiders. The stock is traded on Nasdaq (ticker: FMBM). For specific shareholding distribution, please refer to the latest SEC filing (e.g., Form 10-K). As of 2021, no single shareholder holds controlling shares, and the shareholding structure is dominated by public shareholding.
Company Nature
F & M Bank Corp. is a privately held company and a financial holding company, and its subsidiary, Farmers & Merchants Bank, is a state chartered commercial bank and is regulated at the federal and state levels.
📊 Enterprise classification
F&M Bank Corp. is part of the Financial Services industry, specifically community banks and financial holding companies. Its core subsidiary, Farmers & Merchants Bank, is positioned as a regional commercial bank, focusing on retail and commercial banking.
🌍 market classification
Market positioning: A regional community bank primarily serving the Shenandoah Valley region of Virginia, covering Rockingham, Shenandoah, Augusta and Page counties.
Customer Group:
Individual Clients: Offers deposit, loan, mortgage, and credit card services.
Business Clients: Serving SMEs, agribusinesses, and non-profit organizations.
Institutional Clients: Professional financial services through VSTitle and VBS Mortgage.
Market size: Small to mid-size regional markets with smaller assets than larger national banks such as JPMorgan Chase, but strong positions among Virginia community banks.
🛠️ service
F&M Bank offers the following core services:
Personal banking: savings accounts, checking accounts, fixed deposits, money market accounts, personal loans (car loans, home equity loans), residential mortgages, credit cards.
Commercial banks: commercial loans (including agricultural loans), commercial real estate loans, equipment financing, working capital loans, commercial deposit accounts.
Mortgages: Regular and government-backed residential mortgages are available through VBS Mortgage.
Insurance Services: Title insurance and real estate settlement services through VSTitle, credit life insurance and accident health insurance reinsurance through TEB Life Insurance.
Investment Services: Wealth management and investment advisory are provided through brokerage services.
E-banking: Online banking, mobile banking apps, remote deposit capture, bill payments.
Other services: ATM network, overnight deposits, messenger services (for business customers), credit monitoring and identity protection tools.
🏛️ Regulatory Information
Regulatory License Number: The specific bank license number is not disclosed in public information and needs to be checked through the Virginia Banking Regulator or FDIC.
Regulated Institution:
Virginia Bureau of Financial Institutions: As a state chartered bank, F&M Bank is directly regulated by it.
U.S. Securities and Exchange Commission (SEC): F&M Bank Corp., as a publicly traded company, is subject to the SEC's financial reporting and disclosure requirements.
Federal Reserve: As a financial holding company, F&M Bank Corp. is regulated by the Federal Reserve.
Regulatory Effectiveness: Farmers & Merchants Bank has been regulated since it was chartered by the state in 1908, and the regulatory framework has been updated with the evolution of U.S. financial regulations, such as the Dodd-Frank Act.
> Federal Deposit Insurance Corporation (FDIC): F&M Bank's deposit accounts are insured by the FDIC with a maximum sum insured of $250,000.
💹 trading products
F&M Bank does not directly provide securities trading or complex derivatives trading, and its "trading products" mainly refer to banking products related to the financial needs of customers:
Deposit products: demand deposits, savings accounts, time deposits, money market accounts.
Loan products: residential mortgages, commercial loans, agricultural loans, consumer loans, home equity loans, credit card loans.
Insurance products: title insurance, credit life insurance, accident health insurance.
Investment Products: Offers portfolio management and wealth planning through brokerage services.
📱 trading software
F&M Bank offers the following digital platforms:
Online Banking Platforms: Provides desktop access with similar features, supporting remote deposit capture and financial management tools.
Technical Support: Collaborates with fintech companies like Jack Henry & Associates to provide core banking systems and electronic payment solutions.
The public information does not mention proprietary trading software, indicating that its digital services are dominated by standard banking applications.
>F&M MobilePlus! App: Supports mobile banking features, including deposit checks, transfers, bill payments, account management, and branch location.
💳 Deposit and Withdrawal Methods
Deposit Methods:
Branch Counter Deposits
ATM Deposits
Remote Deposit Capture for Mobile Banking Apps
Messenger Service (for Business Customers)
Interbank Transfer
Withdrawal Method:
Withdrawal at the branch counter
ATM withdrawals (support F&M Bank and some network ATMs)
Electronic
transfer of checks to other accounts
Debit or credit card linked accounts
Currency support: Mainly US dollars (USD), no public information on foreign currency or cryptocurrency support.
📞 Customer support
Support Channels:
Phone: Support is provided through the dedicated phone number of the branch, see the official website (www.fmbankva.com) for specific numbers.
Email: Supports secure email contact, which needs to be submitted through the official website form.
Live Chat: Some services may offer live chat support through mobile apps or websites.
Branches: 11 branches offer in-person support, covering multiple counties in Virginia.
Service hours: Usually weekday business hours (Monday to Friday, some branches open on Saturdays).
Featured support:Local Decision-Making: Loan and account services are handled by local teams with fast responses.
Personalized Service: Emphasis on community banking model, providing customized financial solutions.
Credit Monitoring Tools: Provides credit score monitoring and identity protection services through mobile apps.
💼 Core Business and Services
F&M Bank's core business focuses on community banking services, including:
Retail Banking: Provides deposit, loan and credit card services to individual customers, Emphasize low-barrier accounts (like free checking and savings accounts).
Commercial Banks: Provide financing and cash management services to SMEs, agricultural businesses, and non-profit organizations, with a competitive edge, particularly in agricultural loans.
Mortgages: Residential and commercial mortgages are available through VBS Mortgage, supporting first-time homebuyers and real estate investors.
Wealth Management: Provides investment advisory and retirement planning through brokerage services.
Insurance Services: Specialized insurance products through VSTitle and TEB Life Insurance.
Its services are localized and personalized, which is different from the standardized model of national banks.
🖥️ Technical Infrastructure
F&M Bank's technology infrastructure includes:
Core Banking System: Partnering with providers such as Jack Henry & Associates to provide account management, Loan processing and payment solutions.
Digital Banking Platform: F&M MobilePlus! app and online banking platform that supports mobile deposits, bill payments, and account monitoring.
Data Analysis: Use tools like Snowplow and Facebook Pixel to analyze customer behavior and optimize service experiences.
Payment Technology: Supports payment networks such as American Express and Mastercard, providing debit and credit card services.
Network Security: Uses industry-standard encryption and authentication techniques to protect customer data and transactions.
⚖️ Compliance and Risk Control System
Compliance System:
Comply with the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations, implement customer due diligence (CDD) and suspicious activity reporting (SAR).
Compliant with FDIC deposit insurance requirements to ensure the safety of client funds.
As a publicly traded company, it follows the SEC's financial disclosure and corporate governance standards.
Regularly subject to regulatory review by the Virginia Financial Services Authority and the Federal Reserve.
Risk Control System:
Credit risk: Manage loan default risk through strict loan approval processes and credit assessments.
Market risk: Mainly invest in low-risk assets (such as government bonds) to reduce the impact of market volatility.
Operational Risk: Reduce the risk of operational errors and fraud through automated systems and employee training.
Cybersecurity risks: Deploy firewalls, data encryption, and multi-factor authentication to prevent data breaches and cyberattacks.
📈 Market Positioning and Competitive Advantage
Market Positioning:
F&M Bank is positioned as a leading community bank in the Shenandoah Valley region of Virginia, serving local residents, small and medium-sized businesses, and agricultural customers. Its "localized" brand identity emphasizes deep connections with the community and quick decision-making capabilities.
Competitive Advantage:
Local decision-making: Loan and account services are approved by local teams and are more responsive than national banks.
Community Roots: As Rockingham County's only publicly traded financial institution, building long-term trust with local customers.
Agricultural Expertise: Regional advantages in agricultural loans and support, attracting agricultural businesses and farm owners.
Personalized Service: Offers customized financial solutions to meet the unique needs of SMEs and individual clients.
Technology meets tradition: Enhance convenience through mobile banking and online platforms while retaining the characteristics of community banking with face-to-face services.
Competitors:
Regional banks: such as Banner Bank, Banktennessee.
National banks: such as Bank of America, Wells Fargo (branch in Virginia).
Credit unions and small community banks.
🤝 Customer Support and Empowerment
F&M Bank empowers customers by:
Financial Education: Enhance customer financial literacy by providing financial and loan knowledge through its official website and community events.
Customized Solutions: Provide flexible financing options for SMEs, such as agricultural loans and business expansion funds.
Youth Programs: For example, the "Treehouse Club" youth savings account encourages young customers to develop savings habits.
Community Events: Organize financial workshops and career days (such as Virginia Bankers Association Bank Day) to provide students with banking experience and scholarship opportunities.
Rewards Programs: Offer referral rewards and goal-oriented savings programs to incentivize customer engagement.
🌱 Social Responsibility & ESG
Environmental:
Promote electronic delivery services (such as e-statements and proxy materials) to reduce paper use.
Support sustainable agriculture and help farmers adopt environmentally friendly technologies through agricultural loans.
Social:
Community Reinvestment: Supporting local businesses and nonprofits through loans and sponsorships.
Charity Events: Organize blood drives and community events to enhance social cohesion.
Employee Development: Provides vocational training and team-building activities, winning awards such as "Branch of the Year" in 2023.
Governance:
Anti-fraud initiatives: Protect customers by issuing fraud alerts, such as the May 2025 phone scam warning.
> Transparent governance: As a public company, you regularly disclose financial and operational information and accept the supervision of shareholders and regulators.
🌐 Strategic Partnership Ecosystem
Key Partners:
Jack Henry & Associates: Provides core banking systems and digital solutions.
Virginia Bankers Association: Participate in Bank Day events and support financial education and scholarship programs.
Clearinghouse CDFI: F&M Bank (a California entity) has invested $2 million to support low-income community development, showing potential for cross-regional collaboration.
Payment Networks: Partnered with American Express and Mastercard to provide payment services.
Community Collaboration:
Partnering with local chambers of commerce and agricultural associations to support SMEs and farmers.
Collaborate with the advisory boards of the Harrisonburg, Rockingham, and Winchester areas to develop regional development strategies.
💰 Financial Health
F&M Bank Corp.'s financial health can be assessed by the following metrics:
Asset size: As of 2021, the annual revenue is approximately $11.31 million, and the specific asset size needs to be referred to the 2024 annual report.
Profitability: As a listed company, it maintained stable profitability and performed strongly in its branches in 2023 (e.g., the Broadway branch won the "Branch of the Year").
Capital Adequacy Ratio: Regulated by the FDIC and the Federal Reserve, it is required to maintain authorized capital requirements, as detailed in SEC filings.
Market Performance: Stocks (FMBMs) are trading on the Nasdaq and have been stable from 2021 to 2024, reflecting investor confidence.
Risk exposure: The primary risk comes from the loan portfolio (particularly agricultural and commercial loans), but risks are managed through diversification and strict risk control.
🚀 Future Roadmap
Future directions for F&M Bank include:
Digital Transformation: Enhancing F&M MobilePlus! app functionality and expanding remote deposit and payment services.
Branch Network Optimization: Potential expansion of Virginia market coverage through strategic mergers and acquisitions or new branch locations.
Community Investment: Continue to support economic development in the Shenandoah Valley region through loans and philanthropic initiatives.
Technology Upgrades: Collaborate with fintech companies to enhance data analytics and customer experience.
ESG enhancement: Expand green financial products (such as loans to support sustainable agriculture) in response to ESG trends.
Talent Development: Enhance team expertise by recruiting Investment Relations Specialists and Community Development Managers.
