F&M merger approved by shareholders

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Farmers and Merchants Bancorp, the holding company for F&M Bank headquartered in Lodi, announced the approval by shareholders for the bank to merge with Bank of Rio Vista.

The merger is expected to be complete by late summer of this year.

“We are pleased that this transaction continues to move forward as scheduled, and we are planning for a closing date in July or August 2018, subject to the satisfaction of the remaining conditions set forth in the definitive agreement, including required regulatory approvals,” said Kent Steinwert, president and CEO of F&M, in a statement. “We continue to believe this business combination offers customers and shareholders advantages and will expand F&M Bank’s current position in the Rio Vista, Delta and River communities.”

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