F&M Bank (Timberville, Virginia)
| Company type | Subsidiary |
|---|---|
| Industry | Banking, Financial services |
| Predecessor | Farmers & Merchants Bank of Timberville, Inc. |
| Founded | April 15, 1908 in Timberville, Virginia, United States |
| Headquarters | Timberville , United States |
Area served | Shenandoah Valley, Virginia |
| Products | Retail banking, Commercial banking, Municipal banking, Loan origination, Payment processing |
Number of employees | 160+ (2017) |
| Parent | F&M Bank Corp. |
F&M Bank is a community financial institution located in Timberville, Virginia. It was originally established on April 15, 1908, as a state-chartered bank and later incorporated in 1983 as a single-bank holding company within Virginia. The bank serves small to medium enterprises, nonprofits, families, and individual clients throughout Virginia’s Shenandoah Valley region.
As a subsidiary of F&M Bank Corp., it provides a range of retail, commercial, and municipal banking solutions.
History
Initially founded in 1908 under the name Farmers & Merchants Bank of Timberville, Inc., F&M Bank transitioned into a registered bank holding company in 1983. Headquartered in Timberville, Virginia, the institution delivers a broad spectrum of consumer, business, and financial services. It holds the distinction of being the oldest and sole publicly traded company headquartered in Rockingham County, Virginia.
The bank operates multiple regional branches located in Bridgewater, Craigsville, Edinburg, Elkton, Grottoes, Luray, Staunton, Harrisonburg, and Broadway. These branches support its retail banking activities and ATM network.
Operations
F&M Bank emphasizes traditional community banking functions such as accepting deposits and originating loans. Additionally, it participates in loan origination for marketplace lenders and facilitates payment processing. As of December 2017, the bank reported assets surpassing $750 million and employed more than 160 staff members.
Services
The bank offers both direct lending options and marketplace lending through peer-to-peer lending platforms.
Lending
Established to assist individuals residing in economically disadvantaged communities—including entrepreneurs and business owners—the bank’s loan programs have supported nonprofits and commercial entities by providing cash management services aimed at enhancing operational productivity.
Acquisitions
In 2017, F&M Bank expanded its operations by acquiring Valley Southern Title, an insurance firm based in Harrisonburg, Virginia.
Community involvement
F&M Bank actively collaborates with various local community groups and businesses across Virginia.