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April 2018 Newsletter | In This Issue
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51 Years of Service - Sylvia Bowman's Retirement Party
Join us in congratulating Sylvia Bowman on her retirement after 51 years of service to the bank!
Sylvia started her employment May 27, 1966, while in high school. In 1967, she was promoted to the position of secretary and in 1974, moved into the Executive Assistant role working for former President Dan Todd. Sylvia has continued in the role as it has expanded over her tenure working for various presidents. She has also worked with our Board of Directors and Shareholders for many years and is respected by all.
In honor of her retirement, our administrative employees held a luncheon on March 27, 2018. Thank you, Sylvia, for your many years of dedication to F&M Bank!
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Bank of Knowledge: Students Learn Ins, Outs of Industry
Eleven high school seniors spent about four hours Thursday, March 15th, learning about banking and didn’t see a single bit of currency.
Farmers & Merchants Bank gave the students a behind-the-scenes look at the industry as part of the Virginia Bankers Association’s Bank Day program. Each has an opportunity to submit an essay that could earn them scholarships worth up to $5,000.
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Product of the Month - VBS Mortgage Rebrands to F&M Mortgage
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Longtime F&M Bank affiliate VBS Mortgage is rebranding to F&M Mortgage to embrace their local roots. To celebrate the change, as well as F&M’s 110 year anniversary, our Mortgage division is offering $110 off closing costs or a $110 Visa Gift Card for home loans originated in April.* As an extra thanks, register for a "welcome home" gift basket at any F&M Bank Branch, or on the F&M Mortgage Facebook page during the month of April. *Credited on the CD at closing. Mortgage must close with F&M Mortgage. All borrowers subject to qualifications and loan program guidelines. Offer can't be combined with any other offers. Provide this offer at time of application. |
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Five Ways to Tidy Up Your Finances This Spring
When it comes to Spring cleaning, it’s time to start thinking outside the box. This spirit of renewal applies to more than just your closet! Spring is an ideal time to dust off your finances and tidy up your budget. Maybe your tax returns have motivated you to increase your emergency savings for the year ahead, or perhaps you need a refresher on the New Year’s resolution you made to improve your credit score? Whatever your situation, now is the perfect time to get your financial house in order.
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President Mark Hanna Meets with VA Senator Mark Warner
F&M President Mark Hanna met last week with U.S. Senator Mark Warner regarding the Senate Bill that may bring regulatory relief to small community banks. The Economic Growth, Regulatory Relief and Consumer Protection Act (S.2155) ensures that small lenders can provide mortgage and other credit to hardworking Americans, helping them and their families grow and start businesses.
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Join the F&M Bank Craigsville Branch for a family fun day! The event will be held at the Millboro Preservation & Cultural Association (across from the BARC building at 84 High Street, Millboro).
Free face painting, games, prizes, vendors, hot dogs, an indoor yard sale, fire & rescue, Sammy the Squirrel, great door prizes and more! For more information, contact the Craigsville Branch at 540-997-4162. Or, follow our Facebook event page!
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April is National Financial Literacy month, and through partnership with the American Bankers Association's Teach Children to Save program, our staff is visiting local elementary schools to provide free savings education lessons!
If you are a teacher interested in scheduling a classroom visit, please submit your information and we'll be in touch to schedule!
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Leverage the Power of Cash Flow
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Spring is here, which means - it's time to start planning your summer! The best place to start is working on a strong financial plan so you have the money you need when it's time. That's where Squirrel PFM in online banking can help!
Using Squirrel to help you manage cash flow is a great place to start. Once you know the ebb and flow of your money, you can pick the best time to put some cash aside without cutting into your lifestyle or bill schedules.
Lenders, rating agencies and even Wall Street analysts use cash flow to measure risk. As a consumer, getting a clear view of your cash flow is more than just a nice budgeting benefit; it's a powerful financial tool you can leverage to build a strong financial picture.
Simply login to online banking and chose the PFM tab, it's easy! Visit http://squirrel-fmbank.com to learn more.
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Protect Your Identity at an F&M Bank Shred Day!
Protect your identity at one of our community shred days! Through our partnership with Shred-it, we provide free, off-site document shredding to ensure the most secure destruction of your personal documents. Mark your calendar for one of our upcoming events!
Crossroads (Harrisonburg)
Friday, April 6th, 3-5 PM
Grottoes
Friday, April 13th, 3-5 PM
Coffman's Corner (Harrisonburg)
Friday, April 20th, 3-5 PM
North Augusta (Staunton)
Friday, April 27th, 3-5 PM
Luray
Saturday, April 28th, 9 AM-12 PM
Elkton
Friday, May 4th, 3 PM-5 PM
Craigsville
Saturday, May 5th, 9 AM-12PM
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F&M Bank Calendar Photo of the Month
There is a magical quality to the beauty of Dark Hollow Falls in the Shenandoah National Park. This photo was taken by Spencer Dean with a Sony A550 DSLR after a week of heavy spring rain.
We are preparing for our 2019 Shenandoah Valley Photography Calendar Contest, and entries will be accepted beginning May 1st, 2018. Find official rules and entry forms on our website!
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Throughout the month of February, employees donated over $700 to the Rockingham-Harrisonburg SPCA.
The mission of the Rockingham-Harrisonburg SPCA is to promote respect, compassion, education and advocacy resulting in a humane and sustainable environment for all animals. A list of adoptable pets can be found on their website!
We hope you don't mind these dress-down days as they are for a good cause! Keep an eye out for future announcements on our Facebook page.
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Rockingham-Harrisonburg SPCA Pet of the Month
Whitney is a 10-years-young, spayed, all white cat. She is looking for someone who accepts her the way she is. She enjoys being brushed, just laying around, and her food. She is a little touchy on making feline friends but loves making two-legged friends! Her adoption fee is reduced to just $30 for people over 55 years young! If you want a feline best friend to complete your life come visit her at 2170 Old Furnace Road.
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Financial Education at Your Fingertips
Have you seen our comprehensive suite of financial education topics? Organized around life events, you can find the information you seek at the times when you need it. Connect to the right people who can help, download financial quick guides, and receive your own personalized financial checklist, all for free from our website.
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