Question 1

What is Farmers & Merchants Bank Timberville?

Accepted Answer

Farmers & Merchants Bank Timberville is a community-focused commercial bank headquartered in Timberville, Virginia, serving the Shenandoah Valley region. With approximately $1.36 billion in total assets and 15 branch offices, the bank provides comprehensive personal and commercial banking services to individuals, businesses, and agricultural operations throughout Virginia.

The bank operates as the primary subsidiary of F&M Bank Corp. (OTCQX: FMBM), making it the only publicly traded corporation based in Rockingham County, Virginia. F&M Bank specializes in community banking with particular strength in agricultural lending, small business support, and residential mortgage services.

Question 2

When was Farmers & Merchants Bank Timberville founded?

Accepted Answer

Farmers & Merchants Bank was chartered on April 15, 1908 as a state-chartered bank under the laws of the Commonwealth of Virginia. The bank was established when local farmers and businessmen met in Timberville to discuss their vision for community banking in the Shenandoah Valley.

The bank was founded to serve the general banking needs of rural western Virginia's agricultural community and merchants. In 1983, F&M Bank Corp. was incorporated in Virginia as a one-bank holding company to own Farmers & Merchants Bank. Over the past century, the bank has evolved from a small agricultural lender into a full-service community bank while maintaining its commitment to supporting local farmers, small businesses, and the nonprofit sector.

Question 3

Where is Farmers & Merchants Bank Timberville headquartered?

Accepted Answer

Farmers & Merchants Bank Timberville is headquartered in Timberville, Virginia, located in Rockingham County in the heart of the Shenandoah Valley. The bank's main office and corporate headquarters are situated at P.O. Box 1111, Timberville, VA 22853.

The headquarters location reflects the bank's deep roots in the community, remaining in the same town where it was founded over a century ago. The bank's logo features a tree symbol that represents the timber that once grew on the ridge north of Timberville, reinforcing its connection to the area's history and natural heritage.

Question 4

Where does Farmers & Merchants Bank Timberville operate?

Accepted Answer

Farmers & Merchants Bank Timberville operates throughout the Shenandoah Valley of Virginia, with its branch network spanning the Interstate 81 and Interstate 64 corridors from Winchester to Waynesboro. The bank maintains 15 full-service domestic offices across multiple counties and cities.

The bank's geographic footprint includes locations in Rockingham County, Shenandoah County, Augusta County, and the cities of Harrisonburg and Staunton. Key communities served include Timberville, Bridgewater, Dayton, Edinburg, Elkton, Grottoes, Mount Crawford, New Market, Penn Laird, Staunton, Verona, Waynesboro, and Winchester. This regional concentration allows F&M Bank to maintain strong local relationships while serving the diverse economic needs of the Shenandoah Valley.

Question 5

What services does Farmers & Merchants Bank Timberville offer?

Accepted Answer

Farmers & Merchants Bank Timberville offers a comprehensive suite of personal and commercial banking services. Deposit products include interest-bearing and non-interest bearing demand accounts, savings accounts, time deposits, money market accounts, checking accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs).

Lending services encompass residential mortgages and construction loans through F&M Mortgage, commercial real estate loans, business and agricultural loans, consumer installment loans, auto loans (including an indirect auto lending program), personal loans, home equity lines of credit (HELOCs), and credit card loans. The bank holds SBA and USDA Preferred Lender Status for small business and agricultural financing.

Specialized services include title insurance through VSTitle (a wholly-owned subsidiary), wealth management and brokerage services through Farmers & Merchants Financial Services, property and casualty insurance products, and credit life and accident insurance through TEB Life Insurance Company. Digital banking features include a robust mobile banking app with mobile deposit, person-to-person (P2P) payments, online bill pay, Touch ID and Face ID authentication, debit card management, custom alerts, and 24/7 account access through online banking platforms.

Question 6

What makes Farmers & Merchants Bank Timberville unique?

Accepted Answer

Farmers & Merchants Bank Timberville distinguishes itself through its unwavering commitment to local decision-making and community investment. As the only publicly traded corporation (OTCQX: FMBM) headquartered in Rockingham County, the bank makes all lending and banking decisions locally rather than deferring to distant corporate offices—a significant advantage for customers seeking responsive, personalized service.

The bank's deep agricultural heritage remains central to its identity, with specialized expertise in agricultural lending and strong support for the farming community that spans over a century. F&M Bank has been recognized by Virginia Living Magazine as one of the Top Three Best Banks in the Shenandoah Valley, reflecting its strong regional reputation.

Philanthropic leadership sets F&M Bank apart, with over $300,000 in annual charitable contributions and extensive team member volunteerism across civic organizations, nonprofit boards, and educational institutions. The bank serves as the JMU (James Madison University) Alumni Association's Affinity Banking Partner and actively supports Blue Ridge Community College, Laurel Ridge Community College, Bridgewater College, and Eastern Mennonite University. The bank's core values—expressed through the acronym G.R.O.W. (Gregarious, Resolute, Original, Wholehearted)—emphasize authentic community relationships and steadfast commitment to regional prosperity.

Question 7

What type of financial institution is Farmers & Merchants Bank Timberville?

Accepted Answer

Farmers & Merchants Bank Timberville is a state-chartered community bank operating under Virginia banking laws and regulated by the Virginia Bureau of Financial Institutions and the Federal Reserve Board. As a state member bank of the Federal Reserve System, it maintains FDIC insurance for depositor protection.

The bank functions as a commercial bank offering both retail and business banking services, with particular strength as a community bank focused on relationship-based banking within a defined geographic market. Its business model emphasizes local ownership, community reinvestment, and personalized service rather than mass-market banking. As a publicly traded community bank (trading on the OTCQX market under ticker symbol FMBM), it balances shareholder accountability with its mission of serving the Shenandoah Valley's economic development and maintaining strong capital ratios for long-term stability.

Question 8

What is F&M Bank Corp.'s corporate structure?

Accepted Answer

F&M Bank Corp. (OTCQX: FMBM) operates as a financial holding company incorporated in Virginia in 1983. The corporation owns 100% of Farmers & Merchants Bank and VSTitle, LLC. The bank itself owns three wholly-owned subsidiaries: VBS Mortgage, LLC (doing business as F&M Mortgage) which originates conventional and government-sponsored mortgages for secondary market sale and portfolio retention; TEB Life Insurance Company, a captive life insurance company incorporated in Arizona in 1988 that reinsures credit life and accident and health insurance sold in connection with bank lending activities; and Farmers & Merchants Financial Services, Inc., incorporated in Virginia in 1993, which provides brokerage services and commercial and personal lines of insurance to bank customers.

This integrated corporate structure allows F&M Bank to offer comprehensive financial services under one umbrella while maintaining specialized expertise in mortgage origination, title services, insurance products, and investment services.

Question 9

How does Farmers & Merchants Bank Timberville support its community?

Accepted Answer

Farmers & Merchants Bank Timberville demonstrates exceptional community engagement through both financial contributions and hands-on involvement. The bank contributes over $300,000 annually in philanthropic support to local organizations, with team members serving on civic and nonprofit boards throughout the Shenandoah Valley.

Educational support includes volunteering in K-12 classrooms, reading essays for scholarship programs championed by the Virginia Bankers Association, and financial literacy initiatives. The bank actively supports higher education institutions including James Madison University (as the official Alumni Association Affinity Banking Partner), Bridgewater College, Eastern Mennonite University, Blue Ridge Community College, and Laurel Ridge Community College.

The bank's commitment extends to economic development, particularly supporting small businesses, agricultural operations, and nonprofit organizations that strengthen the regional economy. Through participation in Low-Income Housing Funds since 1994 via agreements with the Virginia Community Development Corporation, F&M Bank invests in affordable housing for low-income individuals throughout Virginia. This comprehensive approach to community banking reflects the bank's founding vision from 1908—to serve as a catalyst for prosperity and opportunity in the Shenandoah Valley.

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