Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - F&M BANK CORP | fmbm_8k.htm |
Exhibit 99.1
F
& M Bank Corp. – News
F
& M BANK CORP. ANNOUNCES SHARES AUTHORIZED UNDER REPURCHASE
PLAN
TIMBERVILLE, VA
– November 3, 2016 – F & M Bank Corp. (OTCBB:
FMBM), parent company of Farmers & Merchants Bank, announced
that its Board of Directors approved a stock repurchase program for
up to 150,000 shares of its common stock. Repurchases may be made
through privately negotiated or open market transactions, including
a trading plan pursuant to Rule 10b5-1 and/or Rule 10b-18 of the
Securities Exchange Act of 1934. The timing, quantity and price of
the repurchased shares will be at the Company’s discretion
and will depend on a number of factors, including the market price
of the shares, trading restrictions, business and economic
conditions, and other factors. There is no assurance that the
Company will repurchase any shares under this program, but,
repurchased shares will become authorized but unissued shares of
common stock.
F &
M Bank Corp. is an independent, locally-owned, community bank
holding company, offering a full range of financial services,
through its subsidiary bank, Farmers & Merchants Bank’s
twelve banking offices in Rockingham, Shenandoah, Page and Augusta
Counties, Virginia. Additional information may be found by
contacting us on the internet at www.fmbankva.com or by calling (540)
896-8941.
This
press release may contain “forward-looking statements”
as defined by federal securities laws, which may involve
significant risks and uncertainties. These statements address
issues that involve risks, uncertainties, estimates and assumptions
made by management, and actual results could differ materially from
the results contemplated by these forward-looking statements.
Factors that could have a material adverse effect on our operations
and future prospects include, but are not limited to, changes in:
interest rates, general economic conditions, legislative and
regulatory policies, and a variety of other matters. Other risk
factors are detailed from time to time in our Securities and
Exchange Commission filings. Readers should consider these risks
and uncertainties in evaluating forward-looking statements and
should not place undue reliance on such statements. We undertake no
obligation to update these statements following the date of this
press release.
|
|
|
|
|
SOURCE:
|
|
F &
M Bank Corp.
|
|
CONTACT:
|
|
Neil
Hayslett, EVP/CAO, Farmers & Merchants Bank540-896-8941 or
nhayslett@fmbankva.com
|