Farmers & Merchants Bancorp reported that Director Terrence (“Terry”) Young unexpectedly passed away peacefully on Monday. Mr. Young had been an active participant in the banking industry since 1971 and joined the Board in 2018 and was a member of the Budget & Finance and CRA Committees. Prior to his retirement in 2017, Mr. Young was an executive with the Company's subsidiary, Farmers & Merchants Bank of Central California, serving as Senior Vice President and Head of Human Resources.

Mr. Young's position on the Company's Board will be filled for the remainder of the term by Craig James, who currently serves as a Director of Farmers & Merchants Bank of Central California. This transition is effective immediately. Mr. James joined the Board of Farmers & Merchants Bank of Central California through the acquisition of Bank of Rio Vista in 2018.

Mr. James was a Board member of the Bank of Rio Vista since 2006. He is a local insurance agent and lives in Lodi.