Farmers & Merchants Bancorp (FMCB) Announces Retirement of the Chief Administrative Officer and Appointment of New Chief Administrative Officer

Core Viewpoint - Farmers & Merchants Bancorp announces the retirement of Deborah Skinner, Executive Vice President and Chief Administrative Officer, effective December 31, 2024, after 24 years with the company, and introduces Troy D. Harper as her successor starting December 9, 2024 [1][2][3] Company Leadership Transition - Deborah Skinner will assist with the transition until her retirement, having played a vital role in the company's operations and strategy [2][3] - Troy D. Harper brings over 30 years of operational expertise in financial services, including more than 20 years in commercial and retail banking, and will work closely with Skinner during the transition [2][3] Company Overview - Farmers & Merchants Bancorp, trading on OTCQX under the symbol FMCB, is the parent company of Farmers & Merchants Bank of Central California, founded in 1916, with $5.4 billion in assets [4] - The bank has maintained a 5-Star rating from BauerFinancial for 34 consecutive years, making it one of the safest banks in the nation [4] Dividend Performance - Farmers & Merchants Bancorp has paid dividends for 89 consecutive years and increased dividends for 59 consecutive years, qualifying as a "Dividend King" [5] Industry Recognition - In August 2024, Farmers & Merchants Bancorp was ranked 2 in Bank Director's Magazine's annual "Ranking Banking" study for best-performing banks in the nation [6] - F&M Bank was ranked 6th on Forbes Magazine's list of "America's Best Banks" in 2023, based on metrics measuring growth, credit quality, profitability, and capital [7] - In December 2023, F&M Bank was ranked 4th on S&P Global Market Intelligence's "Top 50 List of Best-Performing Community Banks" in the US [8] Community Engagement - F&M Bank is the 15th largest bank lender to agriculture in the United States and is committed to supporting the agribusiness community in California [10][11] - The bank offers a full range of loan, deposit, equipment leasing, and treasury management products, receiving an "Outstanding" rating in its last Community Reinvestment Act evaluation [12]