Farmers & Merchants completes acquisition of Perpetual Federal Savings Bank, adding $395M assets

FARMERS & MERCHANTS BANCORP INC

Completed acquisition of Perpetual Federal Savings Bank, which had ~$395M assets at June 30, 2021.
Combined company now has total assets of ~$2.64B, deposits of $2.23B, and loans of $1.81B.
F&M now operates 31 full-service offices across Ohio, Indiana, and LPOs in Ohio, Indiana, Michigan.
Third acquisition in 12 months; branch signage transitions Oct 4, system conversion on Oct 18.

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