Farmers & Merchants Savings Bank, Monticello, Iowa, announced four promotions on Feb. 10. The shift in positions follows the transition of second generation owner Michael Dunn to chairman of F&M Bank’s board from president and CEO. Dunn remains chairman and president of the bank’s holding company, Dunn Investment Co.
Tim German has been promoted to president and will manage the bank day to day. German joined F&M as executive vice president in 2007. Prior to that he was president of Central State Bank. German has been in banking for . . .
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