Business NewsMarketWire • F & M Bank Corp. Announces Capital Raise

F & M Bank Corp. Announces Capital Raise

F & M Bank Corp. Announces Capital Raise

TIMERVILLE, VA--(Marketwired - Mar 21, 2014) -  F & M Bank Corp. (the "Company") (OTCQB: FMBM), parent company of Farmers & Merchants Bank, announced today the successful completion of a private placement of its common stock. The Company sold through a private placement 774,231 shares of its common stock at a price of $16.50 per share. The net proceeds of the private placement, after placement agent discounts and commissions and estimated expenses, are approximately $12.0 million.

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