F&M Bank Corp (OTC: FMBM)

F&M Bank Corp operates as a one-bank holding company under the Bank Holding Company Act of 1956, having elected to become a financial holding company. The company owns 100% of the outstanding stock of its banking subsidiary, Farmers & Merchants Bank, and VSTitle, LLC. Additionally, it previously owned VBS Mortgage, LLC, which was integrated into the bank in 2025, and Farmers & Merchants Financial Services, Inc., which was dissolved in 2024. Headquartered in Timberville, Virginia, with primary operations in the Shenandoah Valley, F&M Bank Corp has been a staple in the regional banking sector since its chartering in 1908.

The company generates revenue primarily through its banking subsidiary, Farmers & Merchants Bank, which offers a wide range of banking services. These include commercial and individual demand and time deposit accounts, commercial and individual loans, internet and mobile banking, drive-in banking services, ATMs, and a courier service for commercial banking customers. The bank also originates both conventional and government agency-sponsored mortgages for sale in the secondary market and maintains a large portfolio of residential mortgages and indirect auto loans. VSTitle, LLC provides title insurance services to customers within the bank's market area. The local economy, diverse with strong employment in agricultural, manufacturing, service, and governmental sectors, supports the bank's operations and customer base.

• Banking Services: Farmers & Merchants Bank offers a comprehensive suite of banking services, including demand and time deposit accounts, various types of loans, internet and mobile banking, drive-in banking services, ATMs, and a courier service. These services cater to both commercial and individual customers, providing a broad range of financial solutions to meet the needs of the Shenandoah Valley community.

• Mortgage Services: Through its subsidiary VBS Mortgage, LLC, now integrated into Farmers & Merchants Bank, the company originates conventional and government agency-sponsored mortgages for sale in the secondary market. This segment also manages a large portfolio of residential mortgages, serving the housing finance needs of the local population.

• Title Insurance: VSTitle, LLC provides title insurance services, ensuring secure property transactions for customers within the bank's market area. This service complements the bank's offerings, providing additional value to customers engaged in real estate transactions.

F&M Bank Corp competes with large national and regional financial institutions, other independent community banks, nationally chartered savings banks, credit unions, consumer finance companies, mortgage companies, loan production offices, marketplace lenders, and other financial technology firms and mutual funds. The bank's competitive advantages include its strong local presence, diverse service offerings, and deep understanding of the Shenandoah Valley's economic landscape. These factors enable the bank to provide personalized services and build long-term relationships with its customers, setting it apart from larger, more impersonal financial institutions.

The company's customer base is diverse, reflecting the varied economic activities in the Shenandoah Valley. This includes individuals, families, agricultural businesses, manufacturing firms, service providers, and governmental entities. The bank's services cater to the financial needs of these different sectors, supporting the local economy and fostering community development.