Effective May 21, 2024, Jack C. Johnson retired from the Board of Directors of Farmers & Merchants Bancorp, Inc. and Farmers & Merchants State Bank in accordance with the mandatory retirement provisions contained in the Company?s governing documents. Mr. Johnson has been a valued member of the Company?s Board since 1991, serving as Vice Chairman from April 2013 until July 2013 and Chairman from July 19, 2013 until April 30, 2024. Mr. Johnson has served on the Company?s Compensation Committee, Corporate Governance and Nominating Committee and the Enterprise Risk Management Committee.

Effective upon Mr. Johnson's retirement, the Board has determined to reduce the number of Board members to twelve. As part of F&M?s comprehensive succession plan, on May 3, 2024, the Company announced the appointment of Andrew Briggs as Chairman of the Board of both the Company and the Bank. Kevin Sauder will continue to serve as Vice Chairman of the Boards of Farmers & Merchants Bancorp, Inc. and F&M Bank.