People on the Move – Bank Opens Satellite Branch in Baltimore Retirement Community
FARMERS & MERCHANTS BANK ANNOUNCES PLAN TO OPEN SATELLITE BRANCH AT NORTH OAKS IN SEPTEMBER
Newest location represents second in a retirement community setting and joins network of five full-service branches throughout Baltimore and Carroll Counties
Pikesville, MD (August 20, 2007) — Farmers & Merchants Bank, a full-service commercial bank headquartered in Upperco, MD, has announced plans to open a satellite branch in North Oaks, a Continuing Care Retirement Community in Pikesville. This new location, which is expected to be operational beginning September 17, represents the bank’s second in a local retirement community setting and is reserved for exclusive use by the residents of North Oaks. The hours of operation will be Monday, Wednesday and Friday from 9 am to 1 pm.
Founded in 1919, Farmers & Merchants Bank operates five full-service branch banking offices throughout the Baltimore and Carroll County marketplace including locations in Hampstead, Upperco, Reisterstown and Owings Mills. Since 2001, a similar satellite branch has been housed in the Atrium Village Retirement Community. Located at 725 Mt. Wilson Lane in Pikesville, North Oaks opened in 1991 and provides life care services to more than 200 residents.
The bank will offer a comprehensive range of personal banking services such as checking and savings products — including certificates of deposit, money market accounts and individual retirement accounts — as well as a full complement of loans, notary services, currency and coin exchange and wire transfers as well as assistance with a variety of other financial needs. It will be located on the ground level floor of North Oaks, adjacent to the lobby.
“We were attracted to North Oaks on a number of different levels, but were particularly interested in offering residents a complete package of financial services in a convenient and friendly venue offering easy access,” explained Christopher T. Oswald, Senior Vice President and Chief Operating Officer for Farmers & Merchants Bank. “It is our experience that, over time, we will become more than just a banking resource to the residents. For many, our tellers will become an extension of the residents’ day-to-day experiences and the interaction will evolve into a more personal relationship. We cherish the opportunity to reach this intimate level within the community,” he added.
“Offering the convenience of banking to our residents is an important amenity, and is just one of many features that we provide on-site to create and maintain a vibrant and service-intensive environment,” explained Patti Held, Director of Marketing for North Oaks. “In Farmers & Merchants Bank, we have attracted a local bank with an outstanding reputation, and a financial institution that embraces the core values of the local community,” she added.
“The trend among banks to open small branches in retirement communities is a growing one both nationally and throughout Maryland, as financial institutions recognize the benefits of serving their long-term customers,” said Kathleen M. Murphy, President and CEO of the Maryland Bankers Association. “Having convenient access to their bank provides people with great comfort,” she added.
For additional information:
Contact: Larry Lichtenauer, LH&A 410-833-6205