Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: There were no shares repurchased by Farmers & Merchants Bancorp during the first nine months of 2020.
+Added: There were no shares repurchased by Farmers & Merchants Bancorp during the first quarter of 2021.
The remaining dollar value of shares that may yet be purchased under the Company’s Stock Repurchase Plan is approximately $20.0 million.
−Removed: During the nine months ended September 30, 2020, the Company issued 523 shares of common stock to the Bank’s non-qualified defined contribution retirement plans.
−Removed: These shares were issued at a price of $770.00 per share based upon a valuation completed by a nationally recognized bank consulting and advisory firm and in reliance upon the exemption in Section 4(a)(2) of the Securities Act of 1933, as amended, and the regulations promulgated thereunder.
−Removed: The proceeds were contributed to the Bank as equity capital.
−Removed: During the nine months ended September 30, 2019, the Company issued 3,586 shares of common stock to the Bank’s non-qualified defined contribution retirement plans.
−Removed: These shares were issued at a price of $715.00 per share based upon a valuation completed by a nationally recognized bank consulting and advisory firm and in reliance upon the exemption in Section 4(a)(2) of the Securities Act of 1933, as amended, and the regulations promulgated thereunder.
−Removed: The proceeds were contributed to the Bank as equity capital.
The common stock of Farmers & Merchants Bancorp is not widely held or listed on any exchange.
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