News
F&M Bank Announces 33% Increase in Starting Wages
Timberville, VA. August 4, 2022 - F&M Bank, a subsidiary of F&M Bank Corp, increased its employees’ starting wages from $15 to $20 per hour, a 33% increase, effective August 1, 2022. This minimum hourly pay rate is substantially above the Commonwealth of Virginia’s minimum hourly rate of $11.00 and the federal minimum hourly wage rate of $7.25. “Our employees are our greatest asset, and we are committed to maintaining a living wage for all members of the F&M team,” said F&M Bank CEO, Mark Hanna. “This
F&M Bank – Farmers & Merchants Bank Announce Investment in Industry-Changing BankTech Ventures Fund
Timberville, VA. August 2, 2022 – F&M Bank, also known as Farmers & Merchants Bank, announced today that it has committed to be an investor in BankTech Ventures, LP (“BTV” or the “Fund”), a strategic investment fund with the mission to support community banks through investment and education around banking technology. With general partners from The Venture Center, the Independent Community Bankers of America (“ICBA”), Hovde Group and two leading community banks, Coastal Community Bank and Sunwest Bank,
Shenandoah Community Health Welcomes New Board Member
Shenandoah Community Health is pleased to welcome Cheryl Hamilton Fried to the Board of Directors. Cheryl resides in Winchester, Virginia and is President and CEO of Blue Ridge Hospice where she leads them in their vision for growth, innovation, and change. She carries an extensive background in the non-profit setting while also holding a Master of Business Administration in Healthcare Services. Throughout her professional career, she has been an active member of the National Hospice and Palliative
