ITEM 8.01. Other Events

On January 24, 2023, Farmers & Merchants Bancorp, Inc. is announcing that its Board of Directors has authorized the repurchase of up to 650,000 shares (approximately 4.8%) of its outstanding common stock commencing January 24, 2023 and ending on December 31, 2023. The Board has authorized the appropriate officers of the Company to effect repurchases either in the open market or in privately negotiated transactions.

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