June 15, 2023
F&M Bank Names John Peck President
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CLARKSVILLE, Tenn. – June 14, 2023 – F&M Bank announced today that John Peck has been named President of the Bank. Mr. Peck joined F&M in 2021 and most recently served as Executive Vice President. Sammy Stuard will continue to serve as Chairman and Chief Executive Officer of the Bank.
“We are excited to name John as our President,” stated Mr. Stuard. “He is a proven leader and team builder with an impressive resume of banking experience that spans over 30 years in Middle Tennessee and Kentucky. In his new role, he will oversee the day-to-day sales and service operations of F&M Bank, including the planning and executing of our strategic growth plans. I am confident this tactical change further aligns the Bank’s management team to be more effective as we continue to grow and add scale.”
When asked for comment, Peck stated, “It is an honor to serve in the role of President of F&M Bank. My plans are to continue working alongside our leadership team and partner with key stakeholders to develop and prioritize strategies that will effectively position F&M in the marketplace. It is such a privilege to work with Mr. Stuard for whom I have the utmost respect and admiration.”
Peck earned a Bachelor of Science degree in Business Administration with a major in finance from the University of Louisville and is a graduate of LSU’s Graduate School of Banking. He resides in Clarksville, Tennessee.
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May 3, 2023
F&M Bank, Tennessee Bankers Association make history with state’s first-ever banking program at Austin Peay
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John Peck, Ronnie Boling, Sammy Stuard, Dr. Michael Licari, Charlie Koon and Dr. Mickey Hepner.
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CLARKSVILLE, Tenn. – F&M Bank and the Tennessee Bankers Association have announced the “Banking on Govs” program, a new partnership with Austin Peay State University. The program is the first of its kind in Tennessee and will offer business students unique training, networking and mentorship opportunities within the banking industry.
“The ‘Banking on Govs’ program reflects our commitment to the student experience," said Dr. Michael Licari, Austin Peay president. "By partnering with our community, we provide Austin Peay students with practical learning opportunities, so that they can apply what they learn in class while gaining professional experiences.”
Qualified students from the College of Business will have the opportunity to attend the Tennessee Bankers Association Southeastern School of Banking with all expenses paid while connecting with banking professionals throughout their enrollment.
“It is our privilege to partner with the Austin Peay State University Foundation and the Tennessee Bankers Association to gift qualified APSU College of Business students with an experiential learning opportunity,” said Sammy Stuard, president of F&M Bank. “We are proud to be part of this inaugural program – the first in Tennessee state history. It is extremely gratifying to help students along their educational and professional roads to success.”
Selected students will participate in the program over two consecutive summers, taking a hands-on approach to learning the skills and insights necessary to succeed in the banking industry.
"Equipping aspiring banking professionals with the necessary blend of theoretical and practical skills is essential for a successful career in the industry,” said Ronnie Boling, director at TBA’s Southeastern School of Banking. “At The Southeastern School of Banking, students will gain a comprehensive understanding of the banking sector and have the chance to apply that knowledge in real-world settings. As a result, graduates will have a competitive edge in starting their careers. We are excited to collaborate with F&M Bank and Austin Peay State University in delivering this program, and we can't wait to see the positive impact it will have on the future leaders of the banking industry."
Erin Morton, director of development for Austin Peay’s College of Business, said she also looks forward to seeing students grow through their participation in the program.
“It has been an honor and a privilege working with F&M Bank and the Tennessee Bankers Association,” she said. “We are excited to help bring this program to fruition, offering a unique learning opportunity for our students.”
Students interested in participating in the “Banking on Govs” program should contact Dr. Dong Nyonna, chair of the department of accounting, finance and economics, at nyonnad@apsu.edu.
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April 17, 2023
F&M Bank Announces 2023 Officer Promotions
April 17, 2023 – F&M Bank announced the promotions of 19 individuals to new leadership positions within the company, following board approval in April 2023. “These individuals have demonstrated a strong commitment to their respective positions and have proven to be great leaders. Their dedication to exceptional customer experiences, community involvement and the stability and growth of our bank is commended,” said Sammy Stuard, President of F&M Bank.
Senior Vice President Promotions
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Albert Cartner joined F&M Bank in 2021 and serves as SVP, Commercial Lender in Springfield. |
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Charlie Koon joined F&M Bank in 2017 and serves as SVP, Director of Corporate & Military Development in Clarksville. |
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Stacy Vincent joined F&M Bank in 2015 and serves as SVP, Commercial Lender in Murfreesboro. |
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Jamie Webb joined F&M Bank in 2020 and serves as SVP, Commercial Lender in Clarksville. |
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Suzanne Woods joined F&M Bank in 2009 and serves as SVP, Branch Manager/Lender in Cookeville. |
Vice President Promotions
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Daniel Earls joined F&M Bank in 2018 and serves as VP, Manager/Mortgage Loan Originator in Brentwood. |
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Sallie Eley joined F&M Bank in 2007 and serves as VP, Commercial Lender in Clarksville. |
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Robert Fowler joined F&M Bank in 2020 and serves as VP, Lender in Greenbrier. |
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Matt Hogan joined F&M Bank in 2018 and serves as VP, Credit Risk Officer in Clarksville. |
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Jamie McAdaragh joined F&M Bank in 2015 and serves as VP, Branch Manager/Lender in Clarksville. |
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Trey Vincent joined F&M Bank in 2014 and serves as VP, Security Officer in Clarksville. |
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Tracy Woodside joined F&M Bank in 2016 and serves as VP, Mortgage Loan Originator in Hendersonville. |
Assistant Vice President Promotions
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Heather Anderson joined F&M Bank in 2021 and serves as AVP, Branch Manager/Lender in Hendersonville. |
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Julie Ashworth joined F&M Bank in 2019 and serves as AVP, Branch Manager/Lender in White Bluff. |
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Wendy Henson Elliott joined F&M Bank in 2021 and serves as AVP, Branch Manager/Lender in White House. |
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Jessica Fussell joined F&M Bank in 2017 and serves as AVP, Senior Accountant, in Clarksville. |
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Rebecca Miller joined F&M Bank in 2017 and serves as AVP, Commercial Central Loan Processing Manager in Clarksville. |
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Grady Payne joined F&M Bank in 2020 and serves as AVP, Branch Manager/Lender in Murfreesboro. |
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Luke Tyler joined F&M Bank in 2017 and serves as AVP, Branch Manager/Personal Banker in Clarksville. |
You will find all officer contact information on the Meet Our Team page.
February 16, 2023
F&M Bank Welcomes Kim York as Senior Vice President, Director of Marketing
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[Clarksville, TN] F&M Bank recently announced the addition of Kim York to its team of banking leaders. In her role as Senior Vice President, Director of Marketing, York will develop and guide traditional and digital marketing initiatives to help advance the bank’s growth opportunities and guide the brand’s voice to build awareness and relevance among key stakeholders and target audiences.
Commenting on the announcement, Sammy Stuard, President and CEO of F&M Bank said, “As we continue to expand our markets and the bank’s brand, we are fortunate to have Kim’s strategic insight and talent for working with diverse teams and partners to best position these critical elements for success."
Executive Vice President, John Peck, also stated, “The needs of banking customers and the technology that supports those needs continue to shift. Kim’s extensive experience with digital marketing will create a path to higher visibility and improved customer engagement. She will be an asset to F&M’s continued growth and relevance.”
In previous positions within the banking sector, York was a driving force for change. Her accomplishments include securing the naming rights of Nashville’s Ascend Amphitheater and receiving the prestigious Professional of the Year award from the National Association of Federal Credit Unions.
York is located at the Downtown Clarksville headquarters and can be reached by email at kimberley.york@myfmbank.com or by phone at 931.553.8212.
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October 13, 2022
John Peck Named to F&M Bank Board of Directors
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CLARKSVILLE – F&M Bank recently announced the election of John Peck to its Board of Directors.
“A native of Kentucky, in his role as executive vice president, John has been an essential player in our strategic expansion plans across state lines,” said Sammy Stuard, F&M Bank President/CEO and Board Chairman. “John’s strong leadership skills and bank management experience will enhance our current board leadership as we drive toward our next phase of growth.”
Peck has an impressive resume of banking experience spanning over his 40-year career. He earned a Bachelor of Science degree in Business Administration with a major in finance from the University of Louisville and is a graduate of LSU Graduate School of Banking. “I am truly honored to join the Board team and support their strong, genuine and dedicated commitment in supporting F&M Bank as a community leader in the markets we serve,” said Peck.
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October 11, 2022
F&M Bank honored with American Bankers Association Foundation Community Commitment Award for exceptional military support
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Clarksville, TN – F&M Bank was nationally recognized by the American Bankers Association Foundation for its OPERATION: Partners Serve 2.0 program with a 2022 ABA Foundation Community Commitment Award. The award was given to F&M Bank for its efforts in the “Supporting Military Families” category and was presented during ABA’s Annual Convention on Oct. 4 in Austin, TX. This is the second year F&M Bank has been honored with this national recognition.
The ABA selection committee chose the winning banks based on the creativity and thoughtfulness of programs — traditional or innovative in nature and structure — that embody the ideals of corporate social responsibility and demonstrate success in measurable terms. Entries were divided into seven categories, including affordable housing, community and economic development, financial education, economic inclusion, protecting older Americans, supporting military families and volunteerism. Award winners were chosen by a field of nationally-recognized experts.
“We received many strong entries this year but F&M Bank and its OPERATION: Partners Serve 2.0 program stood out among the pack,” said Lindsay Torrico, executive director, ABA Foundation. “It’s wonderful to see an organization identify a need within its community and immediately get to work. We applaud F&M Bank for its unwavering commitment to community and hope others throughout the industry will be inspired to give back and drive community change.”
“At F&M Bank, social responsibility is more than just a phrase – it’s a commitment,” said Charlie Koon, F&M Bank’s VP/Director of Corporate and Military Business Development. “As long as there’s a need, and we have the resources, we’ll be there.”
Sammy Stuard, Pres/CEO stated, “As vital as Fort Campbell is to our community, making sure every soldier, family member, and veteran feels valued is important. We only grow because of our community. We owe it to our community to give back. We are humbled and honored to accept this award for our efforts.”
To learn more about the ABA Foundation Community Commitment Awards, visit aba.com/awards.
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Sammy Stuard, President/CEO, and Charlie Koon, VP/Director of Corporate and Military Business Development, accepted the ABA Community Commitment Award for Supporting Military Families at the 2022 ABA Annual Convention in Austin, TX.
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August 23, 2022
F&M Bank Updates Overdraft Services Program
More than ever before, emphasis is being placed on budgeting, saving and day-to-day managing of finances. Consumers and businesses alike are aware rising costs and unwelcome fees. Bounced checks and overdrafts can happen to anyone, whether due to an absent-minded oversight or a change in income. To assist our customers, F&M Bank has taken steps to eliminate some fees, reduce other and provide other options of managing your checking accounts.
- What are NSF fees?
NSF fees are charged when a check or ACH transaction is returned unpaid because you don’t have sufficient funds to cover pending transactions. An ACH transaction is an electronic transfer of funds, like paying your bills with our F&M Bank Online Bill Pay.
- What are Overdraft Fees on paid items?
Overdraft fees are assessed when a transaction in paid even when there are not enough funds in the account to cover it.
- We’ve reduced Non-sufficient Funds (NSF) and Overdraft (OD) fees from $37 to $18.
- We’ve reduced the Continuous OD fee from $7 to $3.50
- We’re introducing an overdraft cushion of $50 before you’re ever charged a fee.
In addition to lowering fees, the following changes are designed to make banking easier and provide you with resources to better manage your accounts:
- We’ve added an extra day to the OD grace period, so you won’t be charged a fee until Day 3.
- We’ve eliminated the Overdraft Protection Transfer Fee (formerly $7) so you won’t get charged when you need to use your Overdraft Protection.
- We’ve reduced the Stop Payment Fee from $37 to $18.
- We’ve eliminated the Low Balance Fee on Savings accounts (Previously $12 if balance was less than $100).
July 15, 2022
F&M Bank Adds Daniel Tan to Commercial Lending Team
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F&M Bank recently announced the hiring of Daniel (Dan) Tan as VP/Commercial Lender.
“We are excited to add Dan’s experience and skills to our commercial lending team as we intensify our lending footprint throughout Davidson and Williamson counties. Dan is a results-driven professional with over ten years of experience in providing appropriate solutions for businesses. He will work with both our Midtown and Franklin offices,” said Sammy Stuard, President/CEO.
Tan can be reached via email at daniel.tan@myfmbank.com or phone at 712.490.5788.
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July 5, 2022
Howell Joins F&M Bank to Fill New COO Position
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[Clarksville, TN] Terry R. Howell has been hired to fill a new position of SVP/Chief Operating Officer (COO) at F&M Bank.
“Our continued growth, emphasis on emerging technologies, and branch development have all brought us to the phase that we need someone who can focus on a bank wide strategic planning initiative,” said Sammy Stuard, President/CEO. Howell has over 35 years of banking experience encompassing bank operations, financial risk, and administrative management. He holds an MBA from the University of Memphis and a Bachelor of Science degree in finance from the University of Tennessee in Knoxville. He is an active community leader having served on several nonprofit and charitable board of directors to include the American Red Cross, Juvenile Diabetes Research Foundation and United Way. Howell was named Executive Volunteer of the Year by the Memphis Volunteer Council.
He will manage departments to include branch administration, deposit operations, loan operations, information technology, treasury solutions and merchant card services. Howell can be reached by email at terry.howell@myfmbank.com or by phone at 931.245.4050.
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March 28, 2022
F&M Bank Hires Amy Wilson
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Amy Nichole Wilson has joined F&M Bank as Vice President/Commercial Lender in the F&M Bank Loan Production Office located at 1711 Destiny Lane in Bowling Green, KY.
A native of Warren County, KY, Wilson has over twenty years of experience in financial services, specifically in the lending arena. She has a proven track record of educating and supporting both existing and potential customers.
Wilson is also a graduate of Barrett School of Banking Commercial Lending Academy and Western Kentucky University. “As we expand our footprint in southern Kentucky, we are committed to building a team of knowledgeable bankers. Amy is a great addition to our team. She can be reached by email at amy.wilson@myfmbank.com or by phone at 270-202-4917.” said Sammy Stuard, President/CEO.
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March 11, 2022
Dunn Joins F&M Bank
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Nick Dunn joins F&M Bank as Vice President Commercial Lending for our new Loan Production Office located at 1711 Destiny Lane in Bowling Green.
A native of Kentucky, Dunn has over ten years of experience in commercial and agricultural lending “As we expand our footprint in the southern Kentucky market, we are excited to add Nick’s expertise and customer relations to our team.” said Sammy Stuard, President/CEO.
Dunn holds a bachelor’s degree in business from Western Kentucky University. He is also a graduate of the Barrett School of Banking’s Commercial Lending Academy and the Kentucky Bankers Association’s Banking School. His community service activities include the Housing Authority of Tompkinsville, the Kentucky Little League and the Kentucky Farm Bureau.
Dunn can be reached by email at nick.dunn@myfmbank.com or by phone at 270.427.0059.
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March 1, 2022
Bradley Appointed to Community Development Role
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F&M Bank has recently appointed Andrew G. Bradley to the role of Community Development Manager at its Midtown location in Nashville.
“We are excited for Andrew to join a very experienced team at our newest full-service Tennessee branch”, said Sammy Stuard, President/CEO.
Bradley, a graduate of Tennessee State University with a degree in Criminal Justice/Sociology, has been in the banking field for over 12 years. He has served as a corporate trainer for the past 3 years at F&M Bank.
“Going forward Bradley, will be responsible for building personal and business relationships within the community in which he serves” Stuard added. Bradley can be reached by phone at 615.780.6803 or via email at andrew.bradley@myfmbank.com NMLS# 2276939.
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February 23, 2022
FHLB Disaster Reconstruction Program in Stewart County
The Federal Home Loan Bank of Cincinnati (FHLB) offers grants of up to $20,000 to help eligible households
rebuild or buy a home through the Disaster Reconstruction Program (DRP). Households who were renting at the
time of the disaster may qualify for up to $5,000 for down payment and closing costs assistance on the purchase of
a home.
Disaster Reconstruction Program Flyer
Who are Eligible Households?
A household would be eligible if all of the following are met:
- Resided within a census tract, Metropolitan Statistical Area (MSA), or county located in Kentucky, Ohio, or Tennessee for which a federal or state disaster declaration has been made;
- Their primary residence suffered damage or was destroyed as a result of the disaster;
- The total income for all occupants in the household is at or below 100 percent of the Mortgage Revenue Bond (MRB) limit for the county and state where the property is located; and;
- An application is submitted for the grant within 24 months of the disaster declaration.
What is an Eligible Property?
A property would be eligible if all of the following are met:
- The property is the household’s primary residence;
- The property is located in Kentucky, Ohio or Tennessee;
- The property is a single family detached home or qualified manufactured home. (Manufactured homes may be
eligible if they are taxed as real estate and affixed to a permanent foundation); and,
- The property may be subject to a legally enforceable five-year retention mechanism, included in the Deed or
as a Declaration of Restrictive Covenants to the Deed, requiring the FHLB Cincinnati be given notice of any
refinancing, sale, foreclosure, deed-in-lieu of foreclosure, or change in ownership during the five year
retention period.
How Do I Apply?
Once you have an eligible property in Stewart County, contact F&M Bank in Dover, TN at 931-232-5178.
An F&M Bank officer will:
- Discuss rebuilding or purchase options
- Determine your eligibility qualifications
- Complete the application process
- Submit online reservation request
February 22, 2022
F&M Bank Names New Branch Managers
F&M Bank President/CEO Sammy Stuard recently announced new branch managers in the Hendersonville and White House offices.
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When asked about the recent appointments, Sammy Stuard, F&M Bank President/CEO gave insight to the selection of each of the branch managers.
“Heather Schmitt will bring over twenty years of experience in the financial services industry to her role as branch manager in Hendersonville. Her leadership, teambuilding skills, various licenses and operational knowledge are qualities that we find beneficial in our supervisor team.
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Wendy Henson Elliott will oversee operations and community development in our White House office. She has experience in financial services and financial education which will bring an additional level of customer service for both consumers and businesses in Robertson County.”
Heather may be reached at 615-338-3839 or Heather.Schmitt@myfmbank.com.
Wendy may be reached at 615-672-1660 or Wendy.HensonElliott@myfmbank.com.
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January 10, 2022
F&M Bank Expands into Kentucky
Sammy Stuard, President/CEO of F&M Bank has announced the opening of a new location at 1002 South Virginia Street in Hopkinsville, KY.
“All of us at F&M Bank are very pleased to now be a part of the Hopkinsville community with our new location,” Stuard said. “We have put together a top-notch team of bankers and lenders in our Hopkinsville bank, and we are anxious to start building what we know will be many wonderful relationships here. That team will be led by our Executive Vice President John Peck. John’s knowledge and roots in Hopkinsville will be essential to our future success.”
“I’m so happy to be back in Hopkinsville where I spent 20 years serving the financial needs of this community as president of the former Heritage Bank,” said Peck. “It is now my privilege to be a part of the respected F&M Bank at our newest location in Hopkinsville.”
The current staff of F&M Bank in Hopkinsville includes Ryan Milauskas, Annette Hargis, Jennifer Cowherd, and Justin Nulty.
Milauskas, Vice President/Commercial Lender, has more than 15 years experience in local financial services. Milauskas earned a graduate degree in banking at LSU and holds a BS degree from the University of Kentucky with a major in agricultural economics and a minor in business. “We are so excited to add Ryan to our team,” said John Peck. “His work experience and regional involvement will be very beneficial in our corporate strategic plan.” Milauskas is the treasurer of the Boys and Girls Club of Hopkinsville, vice president of the Christian County Agri-Business Association, and a member of the finance committee for Sts. Peter and Paul Catholic Church. He is also a board member of HYPE (Hopkinsville Young Professionals Engage).
Annette Hargis, Financial Service Representative, is a native of Trigg County. Hargis started her career in banking in 1998 with Hopkinsville Federal Savings and Loan, which later became Heritage Bank. “Annette has worked on the deposit side of banking for the most part of her career,” said Peck. “She takes great pride in developing a personal relationship with each of her clients, which translates to excellent customer service for F&M Bank.” Hargis is an active member of the Trigg County Ham Festival Committee, a Titans fan, and thoroughly enjoys time with her two grandchildren (who call her Honey.)
Jennifer Cowherd, Financial Service Representative, is a Christian County farm girl whose career has been primarily devoted to serving her friends and neighbors in the banking industry. She has been involved in banking for more than 18 years in the community. “Jennifer has worked in a variety of roles in financial services,” Peck added. “She’s served as a teller, a customer service representative, and most recently in operational support. She is an integral part of our new location and we are very happy to have her expertise as part of our Hopkinsville F&M team.” Cowherd has two sport-loving children, so she spends a lot of time cheering from the soccer sidelines.
Justin Nulty, Loan Processor, is a native of Clarksville, TN and is married to a member of the military stationed at Ft. Campbell. Nulty has been involved in the banking industry for the past five years and is now a strategic member of F&M Hopkinsville’s commercial loan team.
“F&M Bank is looking to the future with a strategic plan to achieve increased growth in the southern Kentucky region,” Stuard added. “We hope to build on our strong foundation to bring our outstanding brand of banking to an ever-greater constituency.”
September 17, 2021
Consumer Alert on IRS Reporting Proposal
We care about you, your finances, and your account with F&M Bank, so we want to let you know about a concerning proposal taking shape in Washington. If passed, the proposal would require financial institutions like ours to report the inflows and outflows on personal and business accounts to the IRS.
Recent Independent Community Bankers of America polling conducted by Morning Consult found that 67 percent of voters oppose the proposal, which would be an excessive government intrusion that could hurt small businesses by double-taxing their income.
If you want to make your voice heard by policymakers or learn more about this proposal, visit banklocally.org/privacy. We value your business and privacy and want to make sure you have all the information you need regarding your finances and your money.
Please let us know if you have any questions. We look forward to continuing to serve you and our community as the Smart Choice for Your Money!
August 23, 2021
F&M Bank Hires John Hammock
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F&M Bank has added John Hammock as VP/Commercial Lender in Hendersonville.
Hammock has vast expertise in commercial lending and serving the needs of small business customers. “We are pleased to have John join our team,” said Sammy Stuard, President/CEO.
In addition to his experience in the financial services industry, Hammock earned a bachelor’s degree in business administration and finance from Tennessee Technological University and is also a graduate of The Southeastern School of Commercial Lending, The Southeastern School of Advanced Commercial Lending, ABA National Commercial Lending School and the ABA Graduate Commercial Lending School.
Hammock may be reached by phone at 615-338-3821 or by email at john.hammock@myfmbank.com. NMLS #585603
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August 16, 2021
F&M Bank Hires Toome Brandon
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F&M Bank has added Toome Brandon as VP/Commercial & Construction Lender. Toome will join an experienced banking team working at the bank’s full-service office located at 1701 West End Avenue in Nashville.
“We are excited to add Toome to the F&M team and bringing him on board as we open our Nashville office. His proven commitment to assisting his customers will add strength to our strategic growth plan for our newest location,” said Sammy Stuard, F&M Bank President/CEO.
With over seventeen years of experience in commercial and construction lending, Toome is also a graduate of the University of Tennessee.
Toome may be contacted at 615-525-8333 or by email at Toome.Brandon@myfmbank.com.
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August 12, 2021
F&M Bank Opens in Nashville!
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“As one of the state’s largest independent banks, we have been serving customers in Middle Tennessee for years, including thousands of mortgage customers in Nashville. Locating a full-service branch on West End Avenue is a natural next step for F&M Bank. We plan to bring our traditional financial principles and personalized customer service to West End and continue to build our market position as a premier community bank,” said Sammy Stuard, F&M Bank President/CEO.
Come see us!
1701 West End Avenue, Nashville, TN 37203.
615-780-6800
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July 26, 2021
F&M Bank Plans First Kentucky Location
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Clarksville, TN - F&M Bank recently announced plans to expand across the TN/KY state line into Christian County. Pending regulatory approval, the office will be located at 1002 S Virginia St. in Hopkinsville, KY.
“Historically, we have held a strong presence on FDIC Market Share reports for the Clarksville, TN-KY Metropolitan Statistical Area [MSA]. Our expansion into Christian County is a natural progression in our strategic growth plan. With the guidance of EVP John Peck and VP Ryan Milauskas, this office will be convenient for our new and existing customers in Christian, Todd and Trigg Counties,” said Sammy Stuard, F&M Bank President/CEO. EVP John Peck stated, “We are excited to be part of the F&M Bank team and look forward to working in historic downtown Hopkinsville.”
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June 15, 2021
World Elder Abuse Awareness Day - June 15
Be on the Lookout for Elder Financial Abuse Scams
It’s an all too unfortunate reality that older adults are attractive targets for financial exploitation because they tend to possess more wealth than other potential victims. This is wealth that in many instances has been accumulated over their lifetime through hard work and conscientious saving.
The COVID-19 pandemic made the problem even worse with fraudsters coming out of the woodwork. Many of our vulnerable citizens found themselves the victim of scammers pretending to assist with COVID-19 related services and using medical and other ill-gotten personal information to perpetrate fraud and rob them of their life savings.
At F&M Bank we’ve taken a proactive approach to detecting and preventing financial fraud against older customers through routine employee training and the use of technology to spot red flags and report suspicious activity to authorities. Additionally, we sponsor the Senior Housing Crime Prevention Foundation. Their programs protect and educate residents and staff at local senior housing facilities on how to prevent elder financial abuse.
With World Elder Abuse Awareness Day happening on June 15, we wanted to provide our nation’s seniors and their family members with tips to guard against financial exploitation.
Medicare/Health Insurance Scams
It is difficult to imagine that someone could prey on those in need of medical assistance, but unfortunately, Medicare fraud is all too common. Criminals are posing as Medicare or medical supply representatives to obtain personal information or provide bogus services and using the information to bill Medicare or assume an identity to perpetrate fraud.
Another COVID-19 related scam centers around a FEMA program to assist with funeral expenses. While this is a legitimate program, and you can reach out to FEMA to apply for these benefits, citizens should be mindful that:
- FEMA will not contact you until you call or apply for assistance.
- The government won’t ask you to pay anything to get this benefit.
As a good rule of thumb never share personal or financial information with anyone who contacts you out of the blue.
Zoom Phishing Emails and Internet Fraud
At the onset of the pandemic con artists registered thousands of fake Zoom-related internet domains to send phony emails, texts or social media messages to trick consumers into clicking on bogus links related to purported “account suspension” or “meeting” notices. Those that took the bait inadvertently downloaded malware (malicious software) on their computer, exposing their personal information to potential use by fraudsters.
Internet scammers are also known for sending fake text messages alleging trouble with an internet account, credit card, bank account or shopping order. Many even contain realistic looking logos to lure you into clicking on a link and divulging personal information.
To limit your exposure, avoid clicking on links from unsolicited emails or texts. If you suspect a problem with an account contact the bank or service provider directly.
Telemarketing/Phone Scams
Seniors schooled in etiquette may frown upon “hanging up the phone” or simply saying “no” to unsolicited calls, but it also leaves the door open to criminals posing as company representatives. Three notable examples include:
- The pigeon drop where con artists pretend to share found money in exchange for a “good faith” payment drawn from the contacted person’s bank account.
- The fake accident ploy where con artists create a false narrative that a loved one has been injured in an accident and needs money for medical expenses.
- Charity scams where con artists solicit funds on behalf of a charity for which they are not affiliated with or is not legit.
Remember, if it’s too good to be true it probably is. If you want to give go directly to the source. And if you are worried about a friend or family member, verify the information with them directly.
Scams are always changing. This year’s pandemic fraud will be replaced by a new and creative scheme next year. The Federal Trade Commission has a “scam alert” page with information about the ever-changing ways that scam artists target consumers, at consumer.ftc.gov/scam-alerts.
And as trusted stewards of our customer’s financial data, feel free to reach out to F&M Bank. Our employees can help you spot potential scams and take appropriate measures to protect your account if you suspect you have been a victim of financial fraud.
May 12, 2021
Miller to Lead Treasury Solutions
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CLARKSVILLE, TN – F&M Bank has hired Kimberly Miller as VP/Treasury Solutions Officer. Miller has a decade of working in the financial services industry. Her previous experiences include bank partner development with focuses on small business, commercial, mortgage, treasury management and merchant services.
Miller attended Western Kentucky University. She is an active member of several local non-profit and professional organizations. “Kim will bring a wealth of experience and guidance as we promote treasury solutions for our business clientele.” said Sammy Stuard, President/CEO. Miller will be located in the F&M Bank Main Office in historic downtown Clarksville. She can be contacted by email kimberly.miller@myfmbank.com.
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May 10, 2021
Restaurant Revitalization Fund
sba.gov - The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
Who can apply?
Eligible entities who have experienced pandemic-related revenue loss include:
- Restaurants
- Food stands, food trucks, food carts
- Caterers
- Bars, saloons, lounges, taverns
- Snack and nonalcoholic beverage bars
- Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
- Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
- Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)
- Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
- Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)
- Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products
How to Apply
You can apply through SBA-recognized Point of Sale (POS) vendors or directly via SBA in a forthcoming online application portal. Visit the SBA website.
What can the funds be used for?
Funds may be used for specific expenses including:
- Business payroll costs (including sick leave)
- Payments on any business mortgage obligation
- Business rent payments (note: this does not include prepayment of rent)
- Business debt service (both principal and interest; note: this does not include any prepayment of principal or interest)
- Business utility payments
- Business maintenance expenses
- Construction of outdoor seating
- Business supplies (including protective equipment and cleaning materials)
- Business food and beverage expenses (including raw materials)
- Covered supplier costs
- Business operating expenses
For full program details and up to date information, visit the U.S. Small Business Administration website.
May 4, 2021
Sabertooth Sports & Entertainment, LLC, F&M Bank Enter Partnership
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Nashville, Tenn. (May 4, 2021) - Sabertooth Sports & Entertainment, LLC (SS&E) announced today it has executed a multi-year naming rights agreement on behalf of the Montgomery County Event Center in Clarksville, Tenn., with Clarksville-based F&M Bank. Sabertooth Sports & Entertainment is owned and operated by Predators Holdings, LLC.
A name and logo for the venue will be announced at a later date.
"Montgomery County Mayor Jim Durrett had a very specific vision for the region, with the driving force for that being a dynamic event center right in the heart of Clarksville," Nashville Predators President and CEO Sean Henry said. "City of Clarksville Mayor Joe Pitts and Austin Peay State University Athletic Director Gerald Harrison jumped on board with their own visions for what the event center could do for their city and school, respectively. These three individuals and their passion put us on the right track to create something special. The one thing we were missing was a dynamic, community-minded business leader to fully bring that project to life, and you can't ask for a more community-centric individual than F&M Bank President and CEO Sammy Stuard. The core values at F&M Bank align so well with what we will achieve with this event center. No matter what the last name of the center will be called - forum, stadium, coliseum, hippodrome or arena - it won't matter, because the first portion being F&M Bank all but guarantees our success."
Full Press Release at NashvillePredators.com
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May 3, 2021
Peck Joins F&M Bank
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CLARKSVILLE, TN – John Peck has recently accepted a position of Executive Vice President with F&M Bank. “John’s vast experience in commercial and retail lending, strong leadership skills and exceptional knowledge of the communities we serve, make him a perfect addition to our leadership team.” said Sammy Stuard, President/CEO.
Peck has an impressive resume of banking experience spanning over a thirty-year career. He earned a Bachelor of Science degree in Business Administration and is a graduate of LSU School of Banking. With an extraordinary background in financial services, organizational management and strategic planning, Peck stated, “I am proud to join the progressive team at F&M Bank. I look forward to working with everyone to continue the bank’s success in existing markets, while looking for opportunities to expand the institution’s footprint.”
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April 19, 2021
F&M Bank Announced Several Promotions
Sammy Stuard, President/CEO of F&M Bank announced the promotion of the following employees:
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JoRene Jezwinski
Senior Vice President/ISO/Director of Bank Operations, Security and Branch Administration
Clarksville | Administrative Services Center
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Tim Chowning
Senior Vice President, Lender
Springfield
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Brad Edwards
Senior Vice President, Lender
Hendersonville
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Melanie Hadley
Senior Vice President, Lender
Clarksville | Main Office
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Albert Hargis
Senior Vice President, Lender
Dover
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Sally Lee
Senior Vice President, Lender
Clarksville | Main Office
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John Rudolph
Senior Vice President, Lender
Clarksville | Main Office
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Dawn Ulrich
Senior Vice President, Lender
Clarksville | Sango
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Bryan Watson
Senior Vice President, Lender
Dover
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Carrie Hendrick
Vice President, Assistant Controller
Clarksville | Administrative Services Center
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Mary Beth Thomas
Senior Vice President, Lender
Clarksville | St. Bethlehem
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Sallie Eley
Assistant Vice President, Lender
Clarksville | Main Office
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Cheri Raulerson
Assistant Vice President, BSA
Clarksville | Administrative Services Center
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Brittany Trainor
Assistant Vice President, Accounting
Clarksville | Administrative Services Center
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April 16, 2021
F&M Bank Adds Milauskas to Commercial Lending Team
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CLARKSVILLE, TN - F&M Bank recently announced the addition of Ryan Milauskas as VP/Commercial Lender. Prior to joining the F&M Bank commercial team, Milauskas established a successful career by working more than fifteen years in the local financial services industry. Temporarily, Milauskas will be operating out the St. Bethlehem office located at 2601 Wilma Rudolph Blvd in Clarksville.
Milauskas earned a graduate degree in banking at LSU and also holds a Bachelor of Science degree from the University of Kentucky with a major in agricultural economics and a minor in business. “We are excited to add Ryan to our team. He adds a wealth of knowledge and community involvement to our expanding commercial lending and business banking program,” said Sammy Stuard, President/CEO. “His work experience and regional involvement will be very beneficial in our corporate strategic plan.” Ryan can be reached by email at Ryan.Milauskas@myfmbank.com or by phone at 270-305-6037.
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April 2, 2021
F&M Bank Launches Financial Literacy Program
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F&M Bank is extremely excited to announce a multi-generational approach to financial literacy by adding a youth program to their online education offerings.
The F&M Financial Tools online resource page will now include a series of digital lessons designed specifically for 7th-12th grade students. The five digital lessons were created by EVERFI, our partner in financial education. Each mobile-friendly lesson covers important financial topics including savings, investing, income, debt and more. F&M Bank is the first financial institution in the state of Tennessee to offer this program.
“We are very excited to improve the Online Education Center on our website to attract middle and high school students. Due to changes in instructional methods, we felt the need to provide a virtual approach to assist in financial literacy. Our kickoff will be during the Tennessee Bankers Association’s annual Financial Literacy Week (April 5-10, 2021). In addition to the online resource, we have scheduled activities throughout the markets we serve. We are very excited to receive feedback from students.” said Macy Mayfield, F&M Bank Marketing Communication Specialist.
Visit our Online Education Center and start learning today!
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March 5, 2021
Wings of Liberty Military Museum Model at F&M Bank Main Office
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The Wings of Liberty Museum is the current project of the Fort Campbell Historical Foundation. You can view the model in the lobby of our Main Office at 50 Franklin Street - Downtown Clarksville.
"This museum represents and honors the legacy of service and sacrifice of every American who served in the divisions that call Fort Campbell home. Our dream for the visitors of the Wings of Liberty Museum is that they will leave with a deeper appreciation and renewed respect for what was given to them.
We hope that every visitor will leave with a renewed commitment to community, country and citizenship. As well as a deeper appreciation for the values that define the U.S. Army, the U.S. Military and ultimately–our country."
For more information, visit the Fort Campbell Historical Foundation website.
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March 1, 2021
Cartner Joins F&M Bank
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SPRINGFIELD, TN - F&M Bank recently announced the hiring of Albert Cartner as VP/Commercial Lender. Cartner will join the Robertson County team and be located at 3519 Tom Austin Hwy in Springfield.
“We are excited to add Albert’s expertise to our strong foundation in Robertson County. His enthusiasm for helping customers will be beneficial to our growing market share,” said Sammy Stuard, F&M Bank President/CEO.
With over 15 years banking experience, Cartner has a proven strength in building consumer and commercial banking relationships. He is a graduate of Murray State University and the Graduate School of Banking at Louisiana State University.
Cartner may be reached at 615-384-6228 or Albert.Cartner@myfmbank.com. NMLS #652453
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February 18, 2021
F&M Bank Participates in the Welcome Home Program
Information for Homebuyers
The Federal Home Loan Bank of Cincinnati (FHLB Cincinnati) offers grants of up to $7,500 for honorably discharged
veterans, surviving spouses of military personnel, and active duty military homebuyers and up to $5,000 for all other
homebuyers to assist with down payment and closing costs for income eligible homebuyers through the Welcome Home
Program (WHP). Homebuyers must apply and qualify for a mortgage loan with an FHLB Cincinnati Member financial institutions to
utilize the grant. F&M Bank is a member.
Who are Eligible Homebuyers?
A homebuyer would be eligible for the Welcome Home grant if all of the following guidelines are met:
- The total income for all occupants who will reside in the home is at or below 80 percent of the Mortgage Revenue Bond
(MRB) limit for the county and state where the property is located;
- A fully executed (signed by buyer and seller) purchase contract on an eligible property is in hand;
- The homebuyer has at least $500 of their own funds to contribute towards down payment and/or closing costs; and,
- If a first-time homebuyer (typically anyone who has not owned a home in the last three years), a satisfactory homebuyer
counseling course is completed prior to the loan closing. Note: Applicants do not have to be first-time homebuyers.
What is an Eligible Property?
A property would be eligible if all of the following guidelines are met:
- The property will be the homebuyer’s primary residence;
- The property is a single family, townhome, condominium, duplex, multi-unit (up to four family units) or a qualified
manufactured home. (Manufactured homes may be eligible if they are taxed as real estate and affixed to a permanent
foundation); and,
- The property is subject to a legally enforceable five-year retention mechanism, included in the Deed or as a Declaration
of Restrictive Covenants to the Deed, requiring the FHLB Cincinnati be given notice of any refinancing, sale,
foreclosure, deed in-lieu of foreclosure, or change in ownership during the five year retention period.
How Do I Apply?
For more program information, homebuyers should contact an F&M Mortgage Lender today!
Find an F&M Mortgage Lender
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January 14, 2021
F&M Bank President/CEO Adds to the Locations Map
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Clarksville, TN - F&M Bank recently announced plans to open its first full service banking facility in midtown Nashville. Pending regulatory approval, the branch will be located at 1701 West End and will be the bank’s nineteenth full-service facility located in middle Tennessee.
“Davidson County is a natural progression in the next phase of our strategic plan. Currently with banking and mortgage facilities surrounding the Nashville area, we have built a strong team of individuals providing quality financial service. As we continue to grow our market, expand products and service offerings and support local organizations, we look forward to welcoming customers to this facility.” said Sammy Stuard, F&M Bank President/CEO.
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January 13, 2021
A New Look for MYFMBANK.COM!
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We've given myfmbank.com a new design from top to bottom to ensure it is fully compatible however you like to connect with us. We have also added a few new features to ensure your experience is accessible and personal to you. Anytime. Anywhere.
Attention Online Banking Users: Your User ID, Password and Online Banking experience have not changed.
For questions or additional information, call 1.800.645.4199 or send us a secure email.
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