• 48°

F&M Bank boards elect new chairman, two new directors

F&M Bank

Two new directors were elected to the Boards of Directors of F&M Financial Corporation, F&M Bank and F&M Investment Services Inc. during the annual meeting of shareholders Thursday. Charles Clifford “Cliff” Ritchie and Robert “Bob” V. Honeycutt III were each elected to a three-year term beginning this year.

Ritchie is the president and CEO of Cheerwine Bottling Company and Carolina Beverage Corporation. He is a native of Rowan County and a graduate of Lenoir Rhyne University. Since returning to Salisbury to work in the family business, Ritchie has overseen the unprecedented growth of the Cheerwine brand and its affiliated bottling operations. Ritchie and his wife, Amy, have three children and reside in Salisbury.

Honeycutt serves as executive vice president and chief credit officer of F&M Bank. A native of Rowan County and a graduate of UNC Chapel Hill, he returned to his hometown in 1999 and joined F&M Bank following a successful career with SunTrust Bank in Atlanta, Georgia. Honeycutt and his wife, Leah Ann, are the parents of three children and reside in Salisbury.

“We are very fortunate to add two individuals with such a high level of integrity and experience. Cliff has been a longtime community leader and has tremendous depth in running a successful closely-held business. Bob brings a wealth of banking and finance experience along with a passion for this community. They are excellent additions to the F&M Board and the extended F&M family,” said Steve Fisher, CEO of F&M Financial Corporation.

During the meeting, J. Steven Fisher was elected as chairman of the board of F&M Financial Corporation, F&M Bank and F&M Investment Services, Inc. Mr. Fisher is a graduate of UNC-Chapel Hill with a Bachelor of Science in Business Administration and Wake Forest University with a Juris Doctor and Master of Business Administration. He joined the F&M bank board in May 1995 and the bank as General Counsel in 1997. He currently serves as president and CEO of F&M Financial Corporation, F&M Bank and F&M Investment Services Inc. Fisher and his wife, Robin, have three sons and reside in Salisbury.

Paul Fisher was elected as chairman emeritus and will remain active in community and economic development initiatives. Fisher began at the bank in 1960 after graduating from UNC Chapel Hill and will celebrate his 55-year service anniversary with F&M Monday. Fisher and his wife, Sue, have two children and 10 grandchildren and reside in Salisbury.

F&M Bank was established in 1909 in the town of Granite Quarry. The bank has grown to over $500 million in assets with 11 branches in Rowan and Cabarrus counties and operates throughout the Piedmont and the Research Triangle area.

Comments

Coronavirus

13 deaths reported in Rowan, county stresses need to receive second dose

Coronavirus

10% of Rowan residents receive first dose; eight COVID-19 deaths reported this week

News

North Carolina State Highway Patrol commander to retire

Education

UNC School of the Arts may go for online learning due to COVID-19 spread

Coronavirus

Greensboro site to administer 3,000 daily vaccine doses starting March 10

Nation/World

Update: $1.9 trillion relief bill passes House, moves on to Senate

Nation/World

Lady Gaga’s dogs recovered safely

Coronavirus

Update: FDA follows advisers’ recommendation, OKs single-shot COVID-19 vaccine from J&J

Local

Post wins 18 N.C. Press Association Awards

Education

Cooper vetoes bill that would force K-12 schools to reopen

Local

Lanning named Spencer’s fire chief

Crime

Blotter: Feb. 26

Crime

Salisbury, Kannapolis men charged with soliciting sexual acts

News

Racial bias ‘deeply entrenched’ in report critical of Apex Police Department

Nation/World

US bombs facilities in Syria used by Iran-backed militia

Elections

City council again dismisses idea of adding new member, focus now on recommendation to delay elections

Business

‘Let’s make some money:’ Loosened restrictions praised by bar owners, baseball team

High School

Salisbury High bucks historical trend in dominant shutout of West Rowan

Enochville

Garage declared total loss after Enochville fire

Crime

Cooper, N.C. prison officials agree to release 3,500 inmates

Coronavirus

Two more COVID-19 deaths reported in Rowan, six for the week

Crime

Blotter: Man brandishes AR-15, runs over motorcycle at Rockwell-area gas station

Crime

Salisbury man charged with exploitation of minor

Crime

Road rage incident results in assault charges