other material
confidence high
sentiment neutral
materiality 0.65
Farmers & Merchants Bancorp repurchases 37,990 shares at $917.22 each (5.15% of outstanding)
FARMERS & MERCHANTS BANCORP
- Repurchased 37,990 shares from The Sheila M. Wishek Living Trust at $917.22/share, net consideration ~$34.5M.
- Transaction reduced outstanding shares from 737,987 to 699,997 (5.15% reduction).
- Repurchase executed under existing $55M buyback plan; ~$20M remains available through Dec 31, 2026.
- Shares were acquired via privately negotiated block trade; grantor of trust died Jan 12, 2024.