Barry Luciani

Farmers and Merchants Bancshares, Inc. (the “Company”) and its wholly-owned bank subsidiary, Farmers and Merchants Bank (the “Bank”), announce that, on April 29, 2025, the Board of Directors of appointed Barry Luciani to serve as the Bank’s Executive Vice President and Chief Retail Banking Officer (“CRBO”).

Mr. Luciani has served as Senior Vice President – Director of Retail Banking with Farmers & Merchants Bank since October, 2020. Mr. Luciani joined Farmers & Merchants Bank through the acquisition of Carroll Community Bank where he served as Executive Vice President – Chief Operating Officer. Prior to Farmers & Merchants, Mr. Luciani was Senior Vice President - Retail Executive at Howard Bank from 2016 through 2018. Between 1998 and 2016, Mr. Luciani served as Senior Vice President, Branch Executive for Susquehanna Bank. Mr. Luciani is a graduate of California University of Pennsylvania. Mr. Luciani has not served as a director of a publicly traded company during the last 5 years.

Paul Susie

Farmers and Merchants Bancshares, Inc. (the “Company”) announces that, effective July 1, 2025, Paul Susie is appointed to serve as the Executive Vice President – Chief Financial Officer (the “CFO”) of the Company and its bank subsidiary, Farmers and Merchants Bank (the “Bank”). 

Prior to his appointment as CFO of the Company, Mr. Susie served as Vice President of Accounting for Eastern Savings Bank from August 2021 to November 2024 and as an Independent Consultant from June 2019 to August 2021. Prior to that, Mr. Susie was Executive Vice President and Chief Financial Officer of Seven Bank from July 2016 to June 2019. From August 2014 to July 2016 he served as the Senior Vice President and Chief Financial Officer of Hopkins Federal Savings Bank and from June 2009 to July 2014 he was Senior Vice President and Chief Financial Officer of First Mariner Bank. Mr. Susie is a graduate of the University of Baltimore and is a Maryland Certified Public Accountant.