BUSINESS BRIEF

Farmers & Merchants bank to open in Sylvania

5/20/2014

ARCHBOLD, Ohio — Farmers & Merchants State Bank said Monday it has acquired a site in Sylvania that will become its 22nd full-service bank branch.

The site is located at 5830 Monroe St. at the entrance to the Sylvania Marketplace shopping center. The property has been purchased, and upgrades to the site will begin soon to enable the branch to open by early August.

“The Sylvania location will allow F&M to better serve customers in a community similar to the other 17 communities we serve,” said Paul Siebenmorgen, president and CEO of the 117-year-old bank.

Mr. Siebenmorgen said the new branch will include a drive-up ATM and three drive-up lanes.