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Farmers & Merchants Bancorp, Inc. Announces Completion Of The Perpetual Federal Savings Bank Acquisition

Oct 01, 2021•about 4 years ago

Acquiring Company

Farmers & Merchants State Bank

Acquired Company

Farmers & Merchants State Bank

ArchboldArchboldArchboldBankingFinancial ServicesBankingFinancial ServicesBankingFinancial Services

Description

Farmers & Merchants Bancorp, Inc. (“F&M”, “FMAO”, or the “Company”) (Nasdaq: FMAO), the holding company for Farmers & Merchants State Bank, announced today that it has completed the acquisition of Perpetual Federal Savings Bank, Inc. (“PFSB”).

Company Information

Company

Farmers & Merchants State Bank

Location

Archbold, Ohio, United States

About

Founded in 1897 in Archbold, Ohio, F&M Bank has been a stable financial institution for our communities. F&M is committed to ensure that community banking continues to grow and prosper by providing quality customer service and supplying the financial needs to individuals, farmers, businesses and industries in our market. Banking at F&M is about You&Us.

Company

Farmers & Merchants State Bank

Location

Archbold, Ohio, United States

About

Founded in 1897 in Archbold, Ohio, F&M Bank has been a stable financial institution for our communities. F&M is committed to ensure that community banking continues to grow and prosper by providing quality customer service and supplying the financial needs to individuals, farmers, businesses and industries in our market. Banking at F&M is about You&Us.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed