GENEVA, Ind. – A subsidiary of Ohio-based Farmers & Merchants Bancorp Inc. (Nasdaq: FMAO) has acquired an investment advisory firm in Adams County. Financial terms of FM Investment Services’ purchase of Adams County Financial Resources in the town of Geneva are not being disclosed.
FM Investment Services says ACFR had approximately $83 million in assets and more than 450 clients as of the end of November. The company says all of ACFR’s employees, including founder Lee Flueckiger, have joined the FM Investment Services team.
“Diversifying our sources of revenue is an important part of our growth strategy,” said Lars Eller, chief executive officer of FM Investment Services. “ACFR significantly increases the scale of FM Investment Services, while further expanding our presence in Northeastern Indiana.”
The acquisition is not the first in Adams County for Farmers & Merchants Bancorp. In January 2019, the bank acquired the parent of Bank of Geneva in a $90 million deal.
Video courtesy Giant 96 News
GENEVA, Ind. (WISH) — A man remained in critical condition Tuesday at an Indianapolis hospital after being rescued Monday afternoon from a river in Shelby County.
Indiana conservation officers on Tuesday identified the man as 35-year-old Raymond Sanchez.
Sanchez’s girlfriend notified Indiana Department of Natural Resources conservation officers around 11:30 p.m. Tuesday that Sanchez had went out on the river earlier in the afternoon and had planned to float to Noblitt Park in Columbus. She said Sanchez was not familiar with the river and had no idea there were low head dams along his proposed route.
The Shelby County swift-water rescue team pulled Sanchez from the Flatrock River after his Bass Tracker Bantam boat went over the low head dam in the Vandalia-Geneva area about 1 p.m. Monday, witnesses told the Indiana Department of Natural Resources conservation officers.
Sanchez on Tuesday remained in critical condition at IU Health Methodist Hospital, a news release from the DNR said.
Shelbyville radio station’s Giant 96 News captured the rescue on video.
Geneva is about 20 miles southeast of Indianapolis.