On October 18, 2018, the Board of Directors of F&M Bank Corp. accepted Ellen R. Fitzwater's notification that she will retire from the Board of Directors, effective November 29, 2018, pursuant to the Company's mandatory retirement age contained in its bylaws. In connection with Ms. Fitzwater's retirement, the Board of Directors named Michael W. Pugh, the current Vice Chairman, as Chairman of the Board of Directors, beginning with the December 2018 meeting of the Board of Directors. Dean W. Withers, the former President and Chief Executive Officer of the Company, will assume the role of Vice Chairman at that time.