F&M Bank, an Archbold, OH-based community bank owned by Farmers & Merchants Bancorp, Inc. announced several organizational changes to achieve strategic goals and ambitions for the future of the organization.
Lars Eller, President and Chief Executive Officer, said, “As we look forward and set strategic goals for 2025, we see the need to adjust our organizational structure. F&M met its strategic goal set in 2020 of surpassing $3 billion in assets. We are on a new path to grow to $5 billion in total assets by 2025. To support our growth plan, it is important to expand our focus on our financial reporting, investor relations, cash management and retail bank operations. These are exciting changes and set F&M up to be successful and scalable as we continue to grow.”
Barbara Britenriker, EVP/Chief Financial Officer for F&M Bank and Farmers & Merchants Bancorp, Inc.
As Chief Financial Officer for both F&M Bank and Farmers & Merchants Bancorp, Inc., Britenriker will lead the redesign of the company’s finance capabilities to support a bank with $5 billion in total assets. Her expanded focus will be on financial reporting, cash management, financial systems, and investor relations.
Katrina DeGroff, SVP/Chief Accounting Officer
As Chief Accounting Officer, DeGroff will be accountable for all financial reporting on Farmers & Merchants Bancorp, Inc. and its subsidiaries, as well as valuation, verification, and strategic planning initiatives.
Andrew Baker, SVP/Chief Retail Banking Officer and Regional President of Northern Indiana
In his expanded role, Baker y will be responsible for leading all aspects of F&M’s community-based retail bank operations, including the Company’s branch network, mortgage line of business and private banking. He will retain his position as Regional President of Northern Indiana.
Taryn Marino, SVP/Deputy Chief Retail Banking Officer
As the Deputy Chief Retail Banking Officer, Marino will report to Baker supporting the strategic goals of F&M’s retail banking operations. Marino will have a direct impact on implementing strategies to achieve growth, profitability, and operational efficiency, while enhancing F&M’s customer experience.