About Us

Based in Archbold, Ohio, the F&M Bank has been a stable financial institution for over 110 years, comprised of 21 branches covering 8 counties in Northwest Ohio and Northeast Indiana. In 1999, FM Investment Services was established in order to add additional value to bank customers by providing enhanced investment opportunities. As the bank has grown, so has our commitment to our clients.

Our team of professionals takes great pride in helping our customers achieve their financial goals. Through outstanding customer service, and the resources of Raymond James, we have been able to create satisfied, loyal clients. Contact us today to learn how we can help you with solutions to your individual needs!

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Beth A. Lienau
Branch Manager
Financial Advisor
Direct: 419-446-2501

Beth serves clients in the Northwest Ohio Communities of Farmers & Merchants State Bank, including Archbold, Bryan, Defiance, and
Stryker. With over 13 years of financial services industry experience, Beth helps educate and guide investors in the pursuit of their financial goals. From financial planning to investment management, Beth’s recommendations are tailored to meet the individual client’s objectives.

Beth earned a Bachelor of Business degree from Defiance College. She is a Registered Representative who has passed the 7, 66, 24, and 53 Series examinations, and holds OH, MI, IL and IN State Insurance licenses.

A Northwest Ohio native, Beth lives near Bryan, OH with her husband, Wayne. She is an active member of St. John Lutheran Church, were she is involved as an organist and choir member. She enjoys reading, music, Ohio State football and basketball, and especially time with her family.

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Adam A. Smith
Direct: 260-624-2108

Adam serves the Indiana and NW Ohio communities of Farmers & Merchants State Bank. With the knowledge that comes with more than fourteen years of experience in the financial services industry, Adam helps investors navigate the myriad of available investment options with unparalleled service and a personal commitment.

From financial planning to comprehensive portfolio management, Adam’s recommendations are made solely in the interest of providing the highest value and benefit to you. He works hard to help you pursue your financial goals with as much certainty, and as little risk, as possible.

Adam has a Bachelors of Business Administration from the University of Cincinnati in Finance and Management. He is a Registered Representative who has passed the Series 7, 63, 65, 24, and 53 examinations, and holds both IN and OH State Insurance Licenses. He has also earned the CERTIFIED FINANCIAL PLANNER™ Professional and Chartered Financial Consultant® designations, which are considered marks of excellence for financial planners.

Adam lives on Lake James with his wife and two children. He is a member of the Angola Rotary Club, Angola Masonic Lodge, Fairview Missionary Church, volunteers with Junior Achievement, and is an assistant Track coach for Trine University. He enjoys both water and snow skiing, traveling, time with family and competing in triathlons.

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Jean Throne
Administrative Assistant
Toll-Free: 800-451-7843


  • Series 7 Securities License 

Jean has been a Client Service Manager with FM Investment Services, division of Farmers & Merchants State Bank for the past 7 years; employed by the bank since 1990. Jean manages our office in a highly organized, efficient and professional manner. She handles all customer service and administrative functions to ensure our smooth operation. “SERVICE” is Jean’s middle name and she is ready, eager and willing to serve you.

Jean lives in Archbold, OH and is a member of New Hope Community Church.  She enjoys time with family - especially grandchildren - and appreciates art, jazz music, college sports, and day trips with friends.

About Raymond James

In 1962, Bob James set out to build a different kind of financial services firm – one that put people, planning and principles first. And now, more than 50 years later, Bob's different kind of firm is one of the leading independent financial services companies in the United States.

Raymond James has grown to become a well-respected, widely recognized multinational firm with distinct business units that serve a variety of clients, from individuals and small business owners to municipalities and major corporations.

Milestone spotlight

October 19, 1987: Black Monday. While other firms closed their trading desks to minimize internal losses, Raymond James kept its desks open to meet clients’ needs. Because of Raymond James’ agency-based business model and commitment to client service, this was our first, last and only unprofitable quarter since the firm went public.

We can be sure the markets will change over the next 25 years, and that our industry and firm will continue to evolve. What won’t change is our commitment to the values that have driven our success.

By the numbers*

  • Approximately 6,700 financial advisors
  • More than 2.7 million client accounts
  • Over 2,700 locations throughout the United States, Canada and overseas
  • Approximately $500 billion in total client assets

It’s been our privilege for more than 50 years to support the goals of our clients and to give back to the communities in which we live and work – and we look forward to continuing to do so for many, many years to come. To take a “scroll” down memory lane, explore our history at RAYMONDJAMES.COM.

*As of 12/31/2015

1Past performance is not indicative of future results. The information provided is for informational purposes only and is not a solicitation to buy or sell Raymond James Financial stock.


Securities offered through

  • NOT FDIC Insured
  • NOT GUARANTEED by the bank
  • Subject to risk and may lose value
  • Not a deposit
  • Not insured by any government agency
  • Raymond James is not affiliated with the financial institution or the investment center


Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.

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Certified Financial Planner Board of Standards, Inc.,
owns the certification marks above, which it awards
to individuals who successfully complete initial and
ongoing certification requirements.