Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

On October 14, 2022, F&M Bank Corp. (the "Company") entered into a Separation Agreement and General Release (the "Agreement"), effective October 14, 2022, with Carrie A. Comer in connection with her previously-announced separation as Executive Vice President and Chief Financial Officer of the Company. Pursuant to the Agreement, Ms. Comer is entitled to continuation of her current base salary for a period of 15 months following her separation, as well as certain contributions to her health benefits during that period. The Agreement also contains customary release and waiver of claims provisions in favor of the Company and affiliated parties. The foregoing summary of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2022.


                                       2

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses