The Board of Directors of F&M Bank Corp. named Mark C. Hanna as President of the Company and its wholly-owned subsidiary, F&M Bank, effective December 1, 2017. Dean W. Withers, the Company's former President and Chief Executive Officer, remained Chief Executive Officer of the Company for a transition period in connection with his retirement.

On June 28, 2018, Mr. Withers officially retired as Chief Executive Officer of the Company and the Bank. Mr. Withers will remain a director of the Company and the Bank. In connection with the foregoing, the Board of Directors named Mr. Hanna to the additional role of Chief Executive Officer of the Company and the Bank, effective July 1, 2018.