secwatch.observer — SEC 8-K summary
======================================

Issuer:     FARMERS & MERCHANTS BANCORP INC (FMAO)
CIK:        0000792966
Form:       8-K
Filed at:   2021-08-02T23:59:59+00:00
Accession:  0001564590-21-039640
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmers & Merchants Bancorp closes $35M subordinated note offering
------------------------------------------------------------------

- Issued $35M aggregate principal of 3.25% fixed-to-floating rate subordinated notes due 2031.
- Notes pay 3.25% fixed for 5 years, then SOFR+263 bps; callable after 5 years at par.
- Proceeds for general corporate purposes, including acquisitions and organic growth.
- Notes qualify as Tier 2 regulatory capital; placed with accredited investors.
- Boenning & Scattergood acted as sole placement agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/792966/000156459021039640/0001564590-21-039640-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/792966/000156459021039640/fmao-8k_20210730.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-039640

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer