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8-K - CURRENT REPORT - F&M BANK CORP | fmbm_8k.htm |
Exhibit
99.1
F
& M Bank Corp. Announces Special Dividend
TIMBERVILLE, VA / ACCESSWIRE /
February 19, 2018 / F
& M Bank Corp. (OTCQX: FMBM), parent company of
Farmers & Merchants Bank, announces a special
dividend.
Mark Hanna, President, commented,
"On
February 14, 2018, our Board of Directors declared a special
dividend of $.20 per share, due to the Tax Cuts & Jobs Act
enacted in December 2017. Based on our most recent trade price of
$33.40 per share, this dividend, along with our regular quarterly
dividend,
constitutes a 3.59% yield on an annualized basis. The dividend will
be paid on March 14, 2018, to shareholders of record as of February
28, 2018."
F & M Bank Corp. is an independent,
locally-owned, financial holding company, offering a full range of
financial services, through its subsidiary, Farmers & Merchants
Bank's thirteen banking offices in Rockingham, Shenandoah, Page and
Augusta Counties, Virginia. The Bank also provides additional
services through a loan production office located in Penn Laird, VA
and through its subsidiaries, VBS Mortgage and VSTitle, both of
which are located in Harrisonburg, VA. Additional information may
be found by contacting us on the internet
at www.fmbankva.com or
by calling (540) 896-8941.
CONTACT:
Neil
Hayslett, EVP/Chief Administrative Officer
540-896-8941 or NHayslett@FMBankVA.com
SOURCE: F & M Bank Corp.
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