Celebrating F&M Bank’s Birthday: Honoring Our Legacy and Embracing the Future
Celebrating F&M Bank’s Birthday: Honoring Our Legacy and Embracing the Future
As F&M Bank celebrates another milestone this month, we reflect on our rich history, core values, community involvement, and robust product offerings. From our inception in 1908 through today, F&M Bank has remained dedicated to supporting the Shenandoah Valley and beyond. We’ve grown a lot in the last 116 years, and F&M Bank is the bank it is today because of the community we serve!
A Legacy of Growth and Community Support
1908: Farmers and Merchants Bank was founded by business owners and farmers in Timberville, marking the beginning of our journey to support local communities.
1910: We launched our first public relations campaign with 500 Christmas postcards, establishing our commitment to community engagement.
1956: Under Chairman Lawrence Hoover, Sr., F&M Bank announced growth to $5 million at the annual shareholders meeting, demonstrating our financial stability and trustworthiness.
1973-1979: We expanded our reach by opening branches in Elkton and Broadway, enhancing our ability to serve more customers in the Shenandoah Valley.
1983: The State Corporation Commission approved the formation of F&M Bank Corp, including TEB Life Insurance Company, solidifying our presence in the financial sector.
1995-2008: Our growth continued with the acquisition of branches in Woodstock and Edinburg, the opening of new branches in Bridgewater and Harrisonburg, and the majority interest purchase in F&M Mortgage.
2012-2014: We expanded our services with a loan production office in Fishersville, an automotive dealer finance division in Harrisonburg, and announced record earnings following stock offerings, leading to new branch openings in Staunton.
2015-2019: F&M Bank continued its expansion with new branches in Staunton, Harrisonburg, Timberville, and Stuarts Draft, reflecting our commitment to accessibility and customer service.
2021-2023: Reaching $1 billion in assets, we expanded into Winchester and Frederick County, opened branches in Waynesboro and Old Town Winchester, renovated our Woodstock Branch, and celebrated our 115th anniversary.
Mid- 2024: We reached $1.3 billion in assets. This year, we launched refreshed core values focusing on GROW.
Core Values: GROW with Us
Our core values—Gregarious, Resolute, Original, and Wholehearted—are the foundation of everything we do.
Gregarious: We cultivate a sense of community and inclusivity, fostering meaningful engagement and leaving a positive impression in every interaction.
Resolute: Our steadfast commitment to accountability, resilience, and continuous improvement drives us to achieve excellence.
Original: We celebrate authenticity and creativity, empowering our team to think outside the box and contribute innovative solutions.
Wholehearted: Our deep sense of purpose, passion, and dedication ensures that we fully embrace our mission and make a lasting impact.
Community Involvement: Building a Brighter Future
F&M Bank’s commitment to the community extends beyond financial services. Our philanthropic efforts and community engagement are at the core of our mission. We’ve launched our pillars that help guide our community impact.
Educational Initiatives: We support financial literacy in schools, offer scholarships, and provide unique opportunities like the “day in the life of a banker” program for high school students.
Volunteer Efforts: Our team actively participates in community events, such as document shred days, and supports local food and agricultural initiatives.
Partnerships and Sponsorships: We build lasting relationships with organizations like the JMU Alumni Association and Big Brothers Big Sisters, contributing to the enrichment and well-being of our community.
Innovative Services: Meeting Modern Needs
F&M Bank remains at the forefront of innovation, offering robust digital banking solutions tailored to meet the needs of our customers. Our services include cash management, merchant services, and a comprehensive suite of banking products designed to support both personal and business financial goals.
Our commitment to technology and security ensures that our customers can bank with confidence, knowing their transactions and personal information are protected. We strive to provide accessible and responsive service, whether in-person or online, to ensure a seamless banking experience.
Looking Ahead: A Future of Promise and Potential
As we celebrate F&M Bank’s birthday, we reflect on our past achievements and look forward to a future filled with promise and potential. Thank you for being a part of our journey. Together, we will continue to grow, thrive, and make a positive impact on the Shenandoah Valley.
Don’t miss out on your chance to win one of 14 American Eagle 1/10 Gold Coins with our Golden Days of Summer campaign!
Happy Birthday, F&M Bank! Here’s to many more years of growth and community support.
