F&M Bank announces leadership changes

MANCHESTER - After 35 years, Michael Dunn is handing over the presidency of F&M Bank in Manchester to become chairman of the board.

Dunn, who will continue to serve as president of Dunn Investment Co., the bank's holding company, will focus on strategic initiatives, leadership development and long-term objectives.

'F&M Bank continues to grow with experienced prudent and strategic growth with total assets in excess of $409 million,” Dunn said. 'Our formula is working in nine locations in five counties.”

Tim German, formerly executive vice president of F&M Bank, has been elected president and joins the bank's board of directors. German, who joined F&M Bank in 2007, was previously president of Central State Bank and a loan officer at American Trust & Savings Bank.

Nate Dunn, who represents the third generation of the Dunn family actively involved in the F&M Bank management, also has been elected to the bank's board of directors. Dunn, vice president, joined the bank in July 2007 and previously managed his own mortgage brokerage firm, Marathon Mortgage.

Most recently, he served on Security Savings Bank's board of directors for the past 11 years. Security State Bank in Eagle Grove is a division of F&M Bank.

F&M Bank has offices in Cedar Rapids, Anamosa and Monticello. The bank expanded outside of Iowa in 2010 when it assumed all of the deposits of Community National Bank of Lino Lakes and Vadnais Heights in Minnesota.