Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
(b) Farmers & Merchants Bancorp (the "Company" or "FMCB"), regretfully reports
that Director Terrence ("Terry") Young unexpectedly passed away peacefully on
Monday.
Mr. Young had been an active participant in the banking industry since 1971 and
joined the Board in 2018 and was a member of the Budget & Finance and CRA
Committees. Prior to his retirement in 2017, Mr. Young was an executive with
the Company's subsidiary, Farmers & Merchants Bank of Central California,
serving as Senior Vice President and Head of Human Resources. Kent Steinwert,
Chairman, President and C.E.O. stated, "Terry was a respected advisor to me and
the entire Board, and has been a valuable member of the Company and Bank for
over 20 years. He will be missed."
Mr. Young's position on the Company's Board will be filled for the remainder of
the term by Craig James, who currently serves as a Director of Farmers &
Merchants Bank of Central California. This transition is effective
immediately. Mr. James joined the Board of Farmers & Merchants Bank of Central
California through the acquisition of Bank of Rio Vista in 2018. Mr. James was
a Board member of the Bank of Rio Vista since 2006. He is a local insurance
agent and lives in Lodi.
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