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Farmers Merchants Bancorp
Farmers Merchants Bancorp

-6.56%

Financial services / Bank

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Company at a Glance

Overview

Farmers Merchants Bancorp is a holding company for Farmers & Merchants Bank, a community bank founded in 1916 in Archbold, Ohio. The bank offers a wide range of financial services to individuals, businesses, and agricultural customers in the northwest Ohio region. The company is listed on the NASDAQ stock exchange under the ticker symbol FMAO.
The bank has grown significantly over the years and now has 33 branch locations, including several in the neighboring states of Indiana and Michigan. It is the largest independent community bank in northwest Ohio with over $1.1 billion in assets and over 33,000 customers.
The bank prides itself on its strong ties to the community and its commitment to providing personalized, high-quality banking services to its customers. It has a strong focus on agriculture, serving the needs of the local farming community with specialized loan programs and financial services.
In addition to traditional banking services such as checking accounts, savings accounts, and loans, Farmers & Merchants Bank also offers online and mobile banking options, as well as wealth management services through its subsidiary, Farmers & Merchants Investment Inc.
Farmers Merchants Bancorp has received numerous accolades and awards for its financial performance and community involvement, including being named one of the top 200 publicly traded community banks by American Banker magazine.

What is special about the company?

1. Long history: Farmers Merchants Bancorp has a long history dating back to 1891, making it one of the oldest and most established community banks in the United States.
2. Local focus: The company has a strong focus on serving the local community and supporting local businesses, which has helped to build a loyal customer base.
3. Independent ownership: Farmers Merchants Bancorp is an independent bank, meaning it is not owned by a larger corporation. This allows for more flexibility and personalized service for customers.
4. Strong financial performance: The company has a strong financial track record, with consistent profitability and steady growth. This stability and success have helped to garner trust and confidence from investors and customers alike.
5. Commitment to customer service: The company prides itself on providing exceptional customer service, with a friendly and personalized approach to banking. This has helped to build long-term relationships with customers and foster a positive reputation in the communities it serves.
6. Community involvement: Farmers Merchants Bancorp is deeply committed to giving back to the community and is actively involved in various charitable and philanthropic initiatives.
7. Diversified services: In addition to traditional banking services, the company also offers a range of specialized financial services such as wealth management, insurance, and investment services, providing customers with a comprehensive financial solution.
8. Emphasis on technology: While maintaining its traditional values, Farmers Merchants Bancorp has also embraced technology to enhance its services and remain competitive in the rapidly evolving banking industry.
9. Strong leadership: The company has experienced and dedicated leadership, with a team of seasoned professionals who have a deep understanding of the local market and the banking industry.
10. Award-winning: Farmers Merchants Bancorp has received numerous awards and recognition for its financial performance, community involvement, and customer service, cementing its position as a leading community bank.

What the company's business model?

The Farmers Merchants Bancorp is a financial holding company that operates through its subsidiaries, Farmers National Bank of Canfield and Farmers Trust Company. Its business model is focused on providing a full range of banking and financial services to individuals, businesses, and agricultural customers in the Mahoning Valley and surrounding areas of Ohio.
Some key aspects of the company's business model include:
1. Retail Banking: The company offers traditional banking services such as savings and checking accounts, loans, mortgage services, and credit cards to individuals and small businesses.
2. Commercial Banking: The company provides a variety of commercial banking services, such as commercial loans, treasury management, and deposit services, to businesses of all sizes.
3. Wealth Management: Through its subsidiary, Farmers Trust Company, the company offers wealth management services, including investment management, trust and estate planning, and retirement planning.
4. Agricultural Lending: The company has a strong presence in the agriculture industry and provides specialized lending services and financial products to farmers and agribusinesses.
5. Technology: Farmers Merchants Bancorp embraces technology and offers convenient and secure online and mobile banking services to its customers.
6. Customer Service: The company prides itself on its commitment to excellent customer service and building long-term relationships with its customers.
7. Community Involvement: Farmers Merchants Bancorp is deeply involved in the communities it serves and is dedicated to supporting local organizations and initiatives through donations, sponsorships, and volunteer work.

Interesting facts about the company

1) Farmers Merchants Bancorp is a holding company that owns Farmers & Merchants Bank, which has been in operation since 1907.
2) The company is headquartered in Archbold, Ohio and has 29 branch locations throughout northwest Ohio and northeast Indiana.
3) The bank has been recognized as one of the safest banks in the United States, earning a BauerFinancial Five-Star Superior Rating for over 25 consecutive years.
4) Farmers Merchants Bancorp is committed to providing community-based banking services and supporting local economies.
5) In addition to traditional banking services, the company also offers investment management, insurance, and trust services.
6) Farmers Merchants Bancorp has been named a Top Performing Bank by S&P Global Market Intelligence for five consecutive years.
7) The company has been listed on Forbes’ Best-In-State Banks list for Ohio for two consecutive years.
8) Farmers Merchants Bancorp is publicly traded on NASDAQ under the ticker symbol FMAO.
9) The bank has a strong history of supporting education, agriculture, and community development in the areas it serves.
10) In 2018, the company announced a merger with Carroll Bancorp, expanding its reach into Carroll County, Indiana.

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