On August 22, 2022, Farmers and Merchants Bank, the wholly-owned subsidiary of Farmers and Merchants Bancshares, Inc. received a letter from John J. Schuster, Jr. in which he notified the Bank that he was retiring as a director of the Bank and of the Company for personal reasons. Mr. Schuster's decision to retire was not due to a disagreement with the Bank or the Company on any matter relating to their respective operations, policies or practices.
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- Farmers and Merchants Bank and Farmers and Merchants Bancshares, Inc. Announces Retirement of John J. Schuster, Jr. as a Director