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Farmers and Merchant Bank
Founded in Bumpus Mills, Tennessee in 1906, the early history of Farmers & Merchants Bank gave little indication of the dynamic reputation it enjoys today. Although it survived the Great Depression of the 1930s - unlike nearly 10,000 other U.S. banks - the roots of Farmers & Merchants remained planted in the small Stewart County community.
In 1972, John R. Wallace became president and CEO, turning the small docile bank into a financial, civic and community leader. After moving into neighboring Dover in 1988, the bank set sights on Clarksville as the most logical site for expansion. By 1989, Farmers & Merchants Bank opened in Montgomery County.
Growth was swift. They soon gained national recognition in Entrepreneur Magazine and The Wall Street Journal as a model of community banking. Expansion continued in Montgomery and Robertson County as the bank opened offices in Clarksville, Springfield and Greenbrier. In 1997, the bank targeted Wilson County and opened its ninth office in Lebanon.
In 1990, Sammy Stuard was named president and later assumed CEO duties. Wallace maintained his role as bank chairman. Together they realized that to continue its aggressive growth, the bank needed a more modern, progressive image. In 2002, they took the bold step to transform Farmers and Merchants into today’s F&M Bank — move that accelerated their growth as one of today’s premier middle Tennessee banks.
Farmers and Merchant Bank
Founded in Bumpus Mills, Tennessee in 1906, the early history of Farmers & Merchants Bank gave little indication of the dynamic reputation it enjoys today. Although it survived the Great Depression of the 1930s - unlike nearly 10,000 other U.S. banks - the roots of Farmers & Merchants remained planted in the small Stewart County community.
In 1972, John R. Wallace became president and CEO, turning the small docile bank into a financial, civic and community leader. After moving into neighboring Dover in 1988, the bank set sights on Clarksville as the most logical site for expansion. By 1989, Farmers & Merchants Bank opened in Montgomery County.
Growth was swift. They soon gained national recognition in Entrepreneur Magazine and The Wall Street Journal as a model of community banking. Expansion continued in Montgomery and Robertson County as the bank opened offices in Clarksville, Springfield and Greenbrier. In 1997, the bank targeted Wilson County and opened its ninth office in Lebanon.
In 1990, Sammy Stuard was named president and later assumed CEO duties. Wallace maintained his role as bank chairman. Together they realized that to continue its aggressive growth, the bank needed a more modern, progressive image. In 2002, they took the bold step to transform Farmers and Merchants into today’s F&M Bank — move that accelerated their growth as one of today’s premier middle Tennessee banks.