Investigation Overview
July 13, 2017 (Shareholders Foundation) - An investigation on behalf of investors in shares of Farmers & Merchants Bancorp Inc (NASDAQ:FMAO) was announced over potential breaches of fiduciary duties by certain officers and directors at Farmers & Merchants Bancorp.
The investigation by a law firm concerns whether certain Farmers & Merchants Bancorp officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Archboold, OH based Farmers & Merchants Bancorp, Inc. is a bank holding company. Farmers & Merchants Bancorp Inc reported that its Net Income rose from $10.34 million in 2015 to $11.66 million in 2016. Shares of Farmers & Merchants Bancorp Inc (NASDAQ:FMAO) grew from under $30 per share in September 2016 to as high as $64.73 per share in Early July 2017.