F&M Bank announces retirements of Rex Rice Chiel Lending Officer and CAO Rupp

F&M Bank announced the retirements of Rex Rice, EVP & Chief Lending Officer and Benet Rupp, EVP & Chief Administrative Officer. Rice will remain in his role until March 1 Rupp will remain in her role until March 22, 2024. F&M also announced several promotions as part of the Company’s established succession plan. Lars Eller, President and CEO, stated, “On behalf of everyone at F&M, we want to thank Rex and Benet for their years of dedication and service. Rex began with the bank in 1981 and has served in a variety of leadership capacities. He has been an integral part of F&M’s success over the past 43 years, where we have seen our lending portfolio grow to over $2.5 billion. Rex has been a trusted advisor and invaluable partner, and I wish him all the best in his well-deserved retirement. Benet joined F&M in 2019 and has been an instrumental member of our executive team over the past five years. Under Benet’s leadership we have continuously improved significant functions within the bank including human resources, operations, and strategic planning. I’d like to thank Benet for being a catalyst for change within the organization and I wish her all the best in her retirement.”