Posted 17 January, 2023
Farmers & Merchants Bancshares, Inc. appointed new CEO
CEO Change detected for ticker OTC:FMFG in a 8-K filed on 17 January, 2023.
Consistent with the prior announcements of Farmers and Merchants Bancshares, Inc. (the "Company") on May 25, 2022 and July 20, 2022, James R. Bosley, Jr. retired as the Chief Executive Officer of the Company and its bank subsidiary, Farmers and Merchants Bank, on December 31, 2022 and was replaced by Gary A. Harris, who now holds the positions of President and Chief Executive Officer.
Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of Farmers & Merchants Bancshares, Inc.
Financial Services • Banking
Farmers & Merchants Bancshares, Inc. (Maryland) is a holding company, which engages in the provision of commercial and retail banking services. It offers checking accounts, savings accounts, money market accounts, certificates of deposit, and individual retirement accounts for local consumers. The firm also provides credit and deposit services for small to medium size businesses and the agricultural community. The company was founded 1919 and is headquartered in Hampstead, MD.Market Cap
$53.5M
View Company Details
$53.5M
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Consistent with the prior announcements of Farmers and Merchants Bancshares, Inc. (the "Company") on May 25, 2022 and July 20, 2022, James R. Bosley, Jr. retired as the Chief Executive Officer of the Company and its bank subsidiary, Farmers and Merchants Bank, on December 31, 2022 and was replaced by Gary A. Harris, who now holds the positions of President and Chief Executive Officer.
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