 ARCHBOLD, Ohio, Aug. 02, 2021 GLOBE NEWSWIRE -- Farmers Merchants Bancorp, Inc. the Company or FMAO, the parent holding company of The Farmers Merchants State Bank the Bank, today announced the completion of a private placement of 35 million aggregate principal amount of its 3.25 fixed-to-floating rate subordinated notes due July 30, 2031 the Notes to various accredited investors the Offering. The price for the Notes was 100 of the principal amount of the Notes. The Notes are intended to qualify as Tier 2 capital for regulatory purposes. The Company intends to use the net proceeds from the Offering for general corporate purposes, including financing acquisitions and organic growth. 