10:55 AM EDT, 07/18/2025 (MT Newswires) -- Farmers & Merchants Bancorp's (FMAO) F&M Bank said Friday it has appointed Kevin Sauder as its board chairman, effective immediately.

Sauder, currently the vice chairman of F&M's board, will succeed Andrew Briggs, who will step down as chair as part of a planned transition, F&M Bank said.

Briggs will retire from the board in 2026, the bank said.

Farmers & Merchants' stock was down 1.3% in recent Friday trading.

Price: 25.59, Change: -0.34, Percent Change: -1.33