December 14, 2011 December 31, 2011: Last Day to Purchase Savings Bonds at Financial Institutions
If you are planning to buy a savings bond after December 31, 2011, paper bonds will no longer be sold at financial institutions. But they're not going away -- electronic savings bonds can be purchased online through TreasuryDirect.
If you already have paper savings bonds, they will still be valid and will earn interest for 30 years from the issue date or until redeemed. You can continue to cash savings bonds here at F&M Bank. Learn more at www.treasurydirect.gov
October 11, 2011 LIGHTS, CAMERA, SAVE! Video Contest for Teens
LIGHTS, CAMERA, SAVE! is a video contest brought to you by the American Bankers Association Education Foundation to get teens excited about saving money! To find out more, visit www.aba.com/ABAEF/LightsCameraSave.htm or your local F&M Bank location.
May 3, 2011 Streetman Promoted to Asst. VP, Branch Manager.
Stacey Streetman has been promoted to the position of assistant vice president and branch manager of F&M's Dover Road office in Clarksville. She is a graduate of Austin Peay State University and is currently attending the Southeastern School of Banking at Vanderbilt University, sponsored by The Tennessee Bankers Association.
"Stacey joined the bank in 2007 and her knowledge of the Clarksville community, combined with her banking skills, has made her a valuable asset," said F&M president Sammy Stuard.
Streetman is past chairman of the Clarksville Young Professionals and serves as treasurer on the board of directors for Big Brothers Big Sisters. She is also an ambassador for the Clarksville Area Chamber of Commerce and will graduate in May with the 2011 Leadership Clarksville class.
April 15, 2011 On The Road Again. F&M Bank Deploys FunMobile with Summertime Treats
CLARKSVILLE, Tenn. — Whether you call it customer appreciation or community goodwill, F&M Bank calls it FUN! The brightly colored Fun Mobile, which made its debut during the bank’s 100th anniversary in 2006, is on the road again, serving free hotdogs, popcorn and drinks. The Fun Mobile will make multiple appearances this summer, beginning in May, at each of F&M’s 15 Middle Tennessee offices, not to mention several special bank, mortgage and community events. Be watching for the FunMobile's appearance at an F&M Bank near you ... and have lunch on us!
Click here for the 2011 FunMobile schedule.
March 25, 2011 F&M Hires Two New Mortgage Originators
BRENTWOOD, Tenn. - F&M Bank has announced the hiring of Todd Kabel and Kim Livingston as loan originators covering Williamson and Maury counties. The two lenders report to Rodney Wilds, vice president and division manager for F&M Mortgage in Williamson and Maury counties.
With over 20 years experience in the financial services sector, Kabel began his mortgage career in 2002 following a move from Texas to Middle Tennessee. He worked locally for U.S. Bank and Chase Home Loans from 2006-2011. He was likewise owner and operator of American Liberty Mortgage Group from 2002-2006. Kabel was educated in New York, attending both Buffalo State College and State University in Fredonia.
Kabel will work from F&M’s Brentwood mortgage office in Maryland Farms at 10 Cadillac Drive, suite 100.
Kim Livingston has been in the mortgage industry for 15 years. She most recently held positions as mortgage originators for Reliant Bank in Brentwood and Heritage Bank in Columbia. From 1998-2007, she was the owner and operator of Anchor Mortgage in Hohenwald. A member of the Tennessee Association of Mortgage Brokers and National Association of Mortgage Brokers, Livingston is also an alumnus of Leadership Lewis County and is the Secretary/Treasurer of the Lewis County Industrial Development Board. She will work out of F&M’s Spring Hill office at 4910 Main Street, suite 114.
March 11, 2011 Nashville Post Magazine Recognizes Sammy Stuard On In Charge List For Second Year In A Row
CLARKSVILLE, Tenn. — Sammy Stuard, president and CEO of F&M Bank is one of a select group of Middle Tennessee business and community leaders recently named to the Nashville Post magazine’s In Charge list. The magazine sited the group as individuals who are shaping Middle Tennessee growth, both in the spotlight and behind the scenes. According to the Nashville Post, the list was intended to recognize those leading the charge when it comes to creating jobs, generating wealth and influencing public opinion.
Stuard’s achievements, listed by Nashville Post as those which boosted him into the elite listing, included: steering F&M Bank’s growth from $20 million to $800 million in assets; expanding the bank’s footprint from Montgomery and Stewart counties to include Robertson, Wilson, Sumner, Rutherford and Putnam; F&M’s number one market share in Montgomery County for the past six years; his position as immediate past chairman of the Tennessee Bankers Association; and his recognition by American Banker magazine in 2007 as Community Banker of the Year.
January 28, 2011 Arender Named to THDA Advisory Board
MURFREESBORO, Tenn. — Belinda Arender, division vice president for F&M Mortgage in Rutherford and Wilson counties, has been named to the advisory board for the Tennessee Housing Development Agency (THDA). The advisory board consists of 14 upper-level mortgage professionals from around the state, selected from THDA’s top lenders. Members are selected because of their knowledge and ability to provide THDA valuable industry perspective on lending plans and programs.
A resident of Murfreesboro, Arender began her mortgage career in 1993, joining F&M in 2008. She will begin a two-year term on THDA’s advisory board in February 2011.
The Tennessee General Assembly established the THDA in 1973 to promote the production of safe, sound and affordable new housing for low and moderate-income individuals and families in the state. They also support the preservation and rehabilitation of existing housing for qualifying individuals. THDA has a broad portfolio of housing assistance programs and works with select mortgage lenders, like F&M, to deliver their services to those in need of home financing assistance.
January 28, 2011 F&M Mortgage Receives THDA/Rural Development Honors. Brentwood Originator Receive High Ranking.
BRENTWOOD, Tenn. — The Tennessee Housing Development Agency (THDA) has recognized F&M Mortgage as one of its 2010 top five lenders statewide. Rodney Wilds of F&M Mortgage in Brentwood ranked as the agency’s fifth overall top loan producer for the fourth quarter of 2010.
In addition, the USDA Rural Development has recognized F&M Mortgage with a Main Street Hero proclamation for outstanding loan production in rural Tennessee communities. F&M closed over $19.5 million in Rural Development loans in 2010.
THDA’s mission is to promote safe, sound and affordable new housing for low and moderate-income individuals and families in the state through a broad portfolio of housing assistance programs. THDA works with select mortgage lenders, like F&M, to deliver their services to those in need of home financing assistance.
The goal of USDA Rural Development is to help families and individuals in rural America achieve the dream of sustainable home ownership. The agency provides loan guarantees that make it possible for participating lenders like F&M to increase their pool of capital available at affordable rates for the purchase of single-family homes in rural communities. The agency has assisted more than 1.5 million Tennessee families and businesses, investing more than $1.3 billion through affordable loans, loan guarantees and grants.
December 02, 2010 Notice of Changes in Temporary FDIC Insurance Coverage for Transactional Accounts
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules. The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account (business or personal) on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, or money-market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
August 26, 2010 F&M Bank Seeks Area Charities to Provide Wheelchair Ramps for Disabled Homeowners
(l-r) Sammy Stuard, F&M Bank president and CEO, congratulates Granville Deen of Madison St. Church of Christ and Emman Chapman of Radical Missions on their commitment to the Federal Home Loan Bank of Cincinnati wheelchair ramp program. DeWayne Olive, chief financial officer for F&M Bank, is an active member of Madison Street Church of Christ and has been instrumental in kicking off F&M’s active participation in the grant program.
CLARKSVILLE, Tenn. — Thanks to a $1 million grant available from the Federal Home Loan Bank of Cincinnati (FHLBC), area charities can team with F&M Bank, an FHLBC member, to provide wheelchair ramps for area residences with permanent mobility restrictions. Radical Mission Compassionate Ministries, a non-profit charity currently operating out of Clarksville’s First Church of the Nazarene, and Madison Street Church of Christ are the first Middle Tennessee non-profit agencies to be approved as participating sponsors in this endeavor.
The mission of FHLBC is to foster community investment through its member financial institutions like F&M Bank. The $1 million Carol M. Peterson Housing Fund has been specifically designated to purchase building materials for wheelchair ramps needed by low-income households in which a member of the family has a permanent mobility restriction. While F&M will provide access to FHLBC grant funds, sponsoring charities like Radical Mission and Madison Street Church of Christ provide volunteer labor. Eligible homeowners can qualify for up to $2,000 toward the cost of ramp materials. Radical Mission, or any other sponsoring charity, can qualify for up to an additional $200 to cover their administrative costs.
In order to obtain funding, an organization must have 501(c) (3) or 501 (c) (4) designation. Charities wishing to participate in the program can obtain a sponsorship application online at www.FHLBCIN.com by clicking on the Carol. M. Peterson Housing Fund link, and then accessing CMPHF Documents and Forms. Once approved, charities can request funding through F&M Bank on behalf of qualifying individuals and families they serve. Money will be reserved on a first-come basis as long as funds are available.
To apply for a wheelchair ramp through Radical Mission, Montgomery County homeowners should contact Emman Chapman of Radical Mission at 931-302-4002 or Granville Deen of Madison Street Church of Christ at 931-436-8147.
Organizations wanting additional information on the grant program can visit the FHLBC website. Once approved, charities may contact Fred Landiss or Khandra Smalley of F&M Bank at 931-545-2400 to discuss funding.
April 20, 2010 F&M Facebook Promotion Pays Off for Three Middle Tennessee Charities
CLARKSVILLE, Tenn. — Thanks to F&M Bank Facebook fans, Clarksville-based Radical Mission and the Child Advocacy Center of Putnam County were each the recipient of a $1,000 donation made by F&M Bank. Radical Mission Compassionate Ministries seeks to address suffering and brokenness in Clarksville, specifically pertaining to poverty and basic human needs. The Child Advocacy Center promotes and delivers excellence in child abuse response and prevention in Putnam County through service, education and leadership.
Because Good Samaritans of Stewart County came in a close third in the voting process, F&M made the decision to reward the organization’s strong voter turnout with a special $500 donation.
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