F&M BANK Business Summary

F&M Bank Corp. (FMBM) is the bank holding company for Farmers & Merchants Bank, a community-centric financial institution serving Virginia’s Shenandoah Valley with $1.37 billion in total assets as of early 2026. The company generates revenue primarily through net interest income from a $886.3 million loan portfolio—spanning residential mortgages, commercial real estate, agricultural lending, and dealer finance—and non-interest income from brokerage, property/casualty insurance, and title services via its VSTitle subsidiary. Its primary business segments include Community Banking, Mortgage Banking (F&M Mortgage), and Financial Services. FMBM is the only publicly traded corporation headquartered in Rockingham County, positioning itself as a localized alternative to regional competitors like Union Bankshares (UNB), JD Bancshares (JDVB), and Croghan Bancshares (CHBH) by emphasizing specialized agricultural expertise and record-level profitability achieved in the 2025 fiscal year. Founded in 1908, F&M Bank Corp. is led by CEO Mike Wilkerson, a veteran executive who previously served as the firm’s Chief Lending Officer and Northern Market Executive. The leadership team includes President Barton Black, a former COO with deep expertise in risk and strategy, and EVP/CFO Lisa F. Campbell, who brings over two decades of financial leadership from roles at Fidelity Bancshares and New Century Bancorp. Operational and digital initiatives are managed by Chief Experience Officer Charles C. Driest, while Paul Eberly serves as Chief Development Officer, leveraging a background in the Farm Credit System. The Board of Directors, chaired by Michael Pugh, recently expanded in January 2026 with the appointment of Bret V. Harrison (CEO of ComSonics), reflecting a leadership pedigree rooted in regional business development and disciplined capital management.