ARCHBOLD, Ohio, April  21, 2026  (GLOBE NEWSWIRE) -- F&amp;M Bank (&#34;F&amp;M&#34;), an Archbold, Ohio-based bank owned by Farmers &amp; Merchants Bancorp, Inc. (NASDAQ:FMAO), announces the appointment of Shalini Singhal to

FMAO

F&M Bank Announces Appointment of Shalini Singhal to Chief Information and Technology Officer

F&M Bank Appoints New Technology Officer to Boost Innovation

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  <section data-block="information">
    <h3>Information</h3>
    <p>ARCHBOLD, Ohio, April  21, 2026  (GLOBE NEWSWIRE) -- F&amp;amp;M Bank (&amp;#34;F&amp;amp;M&amp;#34;), an Archbold, Ohio-based bank owned by Farmers &amp;amp; Merchants Bancorp, Inc. (NASDAQ:FMAO), announces the appointment of Shalini Singhal to</p>
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    <h3>AI Summary</h3>
    <p>F&amp;M Bank has appointed Shalini Singhal as Chief Information and Technology Officer, indicating a strategic focus on enhancing technology and cybersecurity. This leadership change aims to align technology with business growth and innovation, potentially improving customer experience and operational efficiency at F&amp;M.</p>
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    <h3>Key Points</h3>
    <ul><li>F&amp;M Bank appoints Shalini Singhal as Chief Information and Technology Officer.</li><li>Singhal enhances the Bank&#039;s technology and cybersecurity initiatives.</li><li>Her appointment supports F&amp;M&#039;s strategic technology alignment and growth.</li><li>The Bank focuses on advancing innovation and improving customer experience.</li><li>F&amp;M aims for a forward-looking approach in technology integration.</li></ul>
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    <h3>Companies Mentioned</h3>
    <ul><li><strong>F&amp;M Bank (FMAO)</strong>: Now positioning for growth through enhanced tech leadership.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This announcement falls under &#039;Corporate Developments&#039; as it showcases executive leadership changes that are critical for strategic direction. The emphasis on technology and cybersecurity is pivotal for long-term growth in banking.</p>
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    <h3>Market-Moving</h3>
    <ul><li>New technology initiatives could lead to cost savings and increased customer satisfaction.</li><li>A strengthened cybersecurity posture may reduce risk and enhance regulatory compliance.</li><li>Leadership stability in technology can bolster investor confidence during market volatility.</li><li>Improved digital services may attract new customers, impacting revenue positively.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Shalini Singhal has been with F&amp;M for nearly six years.</li><li>She previously served as Chief Information Officer at F&amp;M.</li><li>F&amp;M Bank focuses on commercial and retail banking services across Ohio.</li><li>The appointment reflects a long-term strategic emphasis on technology.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Buy FMAO as technology improvements could enhance operational efficiency and growth prospects.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="left">ARCHBOLD, Ohio, April  21, 2026  (GLOBE NEWSWIRE) -- F&amp;M Bank ("F&amp;M"), an Archbold, Ohio-based bank owned by Farmers &amp; Merchants Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FMAO">FMAO</a>), announces the appointment of Shalini Singhal to Chief Information and Technology Officer (CITO). The move reflects her leadership and supports the Bank's focus on advancing enterprise technology and innovation.</p>  <p>Shalini has been with F&amp;M for nearly six years, most recently serving as Chief Information Officer. She has played a key role in building a strong IT team and developing a secure, reliable technology foundation that supports both operations and customer experience. Throughout her tenure at F&amp;M, Shalini has led core IT functions including infrastructure, support, security, and internal banking systems, while improving efficiency and maintaining a disciplined cybersecurity posture.</p>  <p>"Shalini's appointment reflects her strong leadership, and the critical role technology plays in F&amp;M's long-term strategy," said Lars Eller, President and CEO of F&amp;M Bank. "Over the past six years, she has helped F&amp;M build a resilient and secure technology platform.</p>  <p>As CITO, Shalini will collaborate across the enterprise to help guide F&amp;M's shift toward a more strategic, forward-looking technology approach, aligning technology with business growth, advancing digital initiatives, and strengthening cybersecurity as a key business priority.</p>  <p align="justify"><strong>About F&amp;M Bank </strong></p>  <p align="justify">F&amp;M Bank is a local independent community bank that has been serving its communities since 1897. F&amp;M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices Muncie, Indiana, and Perrysburg and Bryan, Ohio.</p>  <p align="justify"><strong>Safe harbor statement</strong></p>  <p>Farmers &amp; Merchants Bancorp, Inc. ("F&amp;M") wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995. Statements by F&amp;M, including management's expectations and comments, may not be based on historical facts and are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are typically identified by words such as "believe," "expect," "anticipate," "intend," "plan," "seek," "estimate," "project," "target," "goal," "will," "would," and similar expressions. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&amp;M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, deposit flows and pricing, liquidity and access to wholesale funding, interest rate and asset-liability management, credit quality (including commercial real estate exposures), collateral values, inflation and macroeconomic conditions, changes in laws and regulations (including capital and liquidity requirements and the implementation of "Basel III Endgame"), FDIC assessments, stress testing and supervisory expectations, cybersecurity and third-party/vendor risks, competition and technological change, geopolitical events, severe weather and natural disasters, agricultural sector conditions, the accuracy of CECL estimates and other accounting judgments, capital and dividend restrictions, and other risks described in F&amp;M's filings with the SEC. F&amp;M undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For more details, please refer to F&amp;M's SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC's website, <a href="http://www.sec.gov" title="www.sec.gov">www.sec.gov</a> or through F&amp;M's website <a href="https://www.globenewswire.com/Tracker?data=BlRSM8Ocbc7TpNzrU9ivMiZ2WWg5H3prOI0lJrh5TldLXCkO7V2L3AhKzPh97OWfcSi0mFfIZmm1SjR29IqfN0jX33dnoB_nPaNX9pTwlfN5-9ktIfwD6XAWaFWbg8agvCqO2pQIUPsmUu_JLHlQ0CI6SoOT9h7D_PFYdCqDhpbkeJbF-dYN4YDhxXCD-LWw1-Ui8vNa7Mge17BMCXbhW7RlzW2kekQCxs5fnsifNcA=" rel="nofollow" target="_blank">www.fm.bank</a>.</p> <table style="border-collapse: collapse; width:540.6pt; border-collapse:collapse ;"><tr><td style="width:240.27px;;text-align: left ;  vertical-align: middle; vertical-align: top ; "><strong>Company Contact:</strong></td><td style="width:240.27px;;text-align: left ;  vertical-align: middle; vertical-align: top ; "><strong>Investor and Media Contact:</strong></td></tr><tr><td style="width:240.27px;;text-align: left ;  vertical-align: middle; vertical-align: top ; ">Lars B. Eller<br></br>President and Chief Executive Officer<br></br>Farmers &amp; Merchants Bancorp, Inc.<br></br>(419) 446-2501<br></br><a href="mailto:leller@fm.bank" rel="nofollow" target="_blank">leller@fm.bank</a></td><td style="width:240.27px;;text-align: left ;  vertical-align: middle; vertical-align: top ; ">Andrew M. Berger<br></br>Managing Director<br></br>SM Berger &amp; Company, Inc.<br></br>(216) 464-6400<br></br><a href="mailto:andrew@smberger.com" rel="nofollow" target="_blank">andrew@smberger.com</a></td></tr></table> <p><br></br></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY5NDI5OCM3NTQ4MzE0IzIwNDk4NzU="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NTllY2ZlYTItNTU1Mi00ZWZhLTk0MjQtNmQ4YWQ3ZDlmMmY2LTEwNjE0NDYtMjAyNi0wNC0yMS1lbg==/tiny/Farmers-Merchants-Bancorp-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/6120e8dd-0c4b-493c-b40b-21a9d9dee3d8"><img src="https://ml.globenewswire.com/media/6120e8dd-0c4b-493c-b40b-21a9d9dee3d8/small/fm-bancorp-full-color-horizontal-cmyk-png.png" border="0" width="150" height="47" alt="Primary Logo"></img></a></p>

F&M Bank has appointed Shalini Singhal as Chief Information and Technology Officer, indicating a strategic focus on enhancing technology and cybersecurity. This leadership change aims to align technology with business growth and innovation, potentially improving customer experience and operational efficiency at F&M.

F&M Bank Announces Appointment of Shalini Singhal to Chief Information and Technology Officer

AI Summary

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