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Farmers & Merchants Bancorp board authorizes share repurchase plan

Archbold, Ohio-based Farmers & Merchants Bancorp Inc.'s board approved a program to repurchase up to 550,000 shares, representing about 4.5% of its outstanding common stock.

The share repurchase program will begin Jan. 17 and end Dec. 31. Repurchases will be made either in the open market or in privately negotiated transactions.