IPO - Farmers & Merchants Bancshares, Inc.

Form Type: S-1

Filing Date: 2025-05-23

Corporate Action: Ipo

Type: New

Accession Number: 000143774925018314

Filing Summary: Farmers and Merchants Bancshares, Inc. filed a registration statement with the SEC on May 23, 2025, under the Securities Act of 1933, to offer up to 500,000 shares of its common stock through its 2025 Dividend Reinvestment Plan. This Plan allows eligible stockholders to reinvest cash dividends in new shares of common stock at a price set by the board, which is anticipated to include a 5% discount. Participation in the Plan is restricted for stockholders in certain states where it is deemed unlawful. The company is a Maryland corporation, primarily engaged in providing banking services through its wholly-owned subsidiary, Farmers and Merchants Bank. It also holds a series investment in a captive insurance company. This prospectus contains important details including financial data, risks associated with investing in the company's shares, and operational details of its business. As of March 31, 2025, total assets were approximately $817.6 million with deposits around $735.6 million. The document outlines the significant risks to potential investors and the implications of acquiring shares under the Plan.