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F & M Bank declares 20-cent special dividend due to tax reform

The board of Timberville, Va.-based F & M Bank Corp. declared a special dividend of 20 cents per share, payable on March 14 to shareholders of record as of Feb. 28.

The board attributed the payout to the recent enactment of the tax reform law.

Farmers & Merchants Bank is a subsidiary of F & M Bank.