F&M Bank Welcomes New Market President, Peter Schork
Archbold, Ohio, February 10, 2025 – F&M Bank, a community bank based in Archbold, Ohio, and a subsidiary of Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), is pleased to announce the appointment of Peter Schork as Market President for the Toledo, Ohio, and Birmingham, Michigan markets.
Experienced Community Banker Joins F&M
Lars Eller, President and CEO of F&M Bank, expressed his excitement about the new addition to the team. “As a proven community banker, Peter brings a wealth of experience to F&M,” Eller stated. “His expertise in business banking and community development will be invaluable as we continue to grow our presence in the Toledo and Birmingham markets.”
Background of Peter Schork
Schork comes to F&M with over 20 years of banking experience. Most recently, he served as Senior Vice President and Market President for a large financial institution in the Midwest. In this role, he oversaw business development, branch operations, and community engagement initiatives. Schork holds a Bachelor’s degree in Business Administration and a Master’s degree in Banking and Financial Services.
Impact on F&M Customers and Community
F&M Bank customers in the Toledo and Birmingham markets can expect to benefit from Schork’s extensive knowledge and experience in community banking. He will be responsible for leading the bank’s efforts to expand its business services and deepen its roots in these communities.
Impact on the World
The appointment of Peter Schork to F&M Bank may not have a direct impact on individuals outside of the Toledo, Ohio, and Birmingham, Michigan areas. However, his expertise and experience in community banking could set a positive example for other financial institutions looking to strengthen their connections with local businesses and residents.
Conclusion
F&M Bank’s addition of Peter Schork as Market President for the Toledo, Ohio, and Birmingham, Michigan markets is a strategic move that will bolster the bank’s presence in these communities. Schork’s extensive experience in community banking and business development will enable F&M to expand its offerings and better serve its customers. Furthermore, his expertise may serve as an inspiration for other financial institutions to prioritize community engagement and local business relationships.
- F&M Bank appoints Peter Schork as Market President for Toledo, Ohio, and Birmingham, Michigan markets.
- Schork brings over 20 years of banking experience, including business development and community engagement.
- His appointment is expected to strengthen F&M’s presence in these markets and expand its business services.
- The impact on individuals outside of the Toledo and Birmingham areas is minimal, but Schork’s expertise could set a positive example for other financial institutions.
