Merchants & Marine Bancorp to merge with FM Bank.

Merchants & Marine Bancorp, a company focused on regional community banking and related financial services, agreed to merge with Farmers–Merchants Bank & Trust Company (FM Bank), a community bank. Financial terms were not disclosed. “Since inception in 1932, Farmers-Merchants Bank & Trust Company has been about people — our customers, our employees, and the communities that have trusted us for generations. The heart of our success has always been the men and women who have worked here, the families who have banked with us, and the shareholders who believed in our mission. This partnership with Merchants & Marine Bancorp ensures that we will continue to be a true community bank — one that remains locally focused, committed to serving Acadiana, and dedicated to providing our customers with the same personal service they have always received,” Fred Mills, FM Bank President and Chief Executive Officer.