Details for Notice of Application o for Purchase of Assets


Notice of Application for Purchase of Assets and Assumption of Liabilities of a Bank Farmers & Merchants Bank, headquartered at 165 New Market Road, Timberville, Virginia 22853, intends to apply to the Federal Reserve Board for permission to purchase the assets and/or assume the liabilities of a branch, located at 2701 West Main Street, Waynesboro, Virginia 22980, of Carter Bank & Trust, Martinsville, Virginia, headquartered at 4 East Commonwealth Boulevard, Martinsville, Virginia 22980. The Federal Reserve considers a number of factors in deciding whether to approve the application, including the record of performance of applicant banks in helping to meet local credit needs. You are invited to submit comments in writing on this application to the Federal Reserve Bank of Richmond, P.O. Box 27622, Richmond, VA 23261. Comments can also be sent electronically to The comment period will not end before March 24, 2021. The Board's procedures for processing applications may be found at 12 C.F.R. Part 262. Procedures for processing protested applications may be found at 12 C.F.R. 262.25. To obtain a copy of the Federal Reserve Board's procedures, or if you need more information about how to submit your comments on the application, contact Adam M. Drimer, Assistant Vice President, at (804) 697-8980. The Federal Reserve will consider your comments and any request for a public meeting or formal hearing on the application if they are received in writing by the Reserve Bank on or before the last day of the comment period.

165 New Market Road, Martinsville, VA 24114


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