Longtime community banker Brett Morgan has been named president and chief executive officer of Farmers and Merchants Bank.
Ricky Nessmith, who has served FMB as executive vice president for seven years and as president and CEO for the past 10 years, will move into the chief operating officer position and also vice chairman of the Board of Directors. Nessmith will continue as president of FMB Equibanc Inc.
“We are pleased to welcome Brett,” said Gerald Edenfield, the chairman of the FMB board. “He has a strong banking background and a successful history of business development and strategic planning that is sure to impact the future success of our bank.
“As Ricky undertakes his new role, we want to express our gratitude to him for his many years of outstanding service not only to FMB, but to the entire Statesboro-Bulloch community,” Edenfield said. “We look forward to our continued relationship with him.”
Morgan comes to Statesboro from Carrollton, Ga., where he was the president and CEO of First Georgia Banking Co.
Morgan worked with First Alabama Bancshares/Regions Bank for 33 years before moving to Carrollton. His last position with First Alabama/Regions was as market president over the Dothan and Enterprise Alabama market, which consisted of nine offices in two counties. First Alabama Bank has a reputation as a strong community bank, dedicated to community support and service.
“I am excited about joining Statesboro’s oldest, locally owned bank and look forward to working with its outstanding employees,” Morgan said. “FMB has a long history of community support and involvement, a history I plan to continue.”
Morgan attended Auburn University and the Alabama Banking School, where he was elected class president. He served as president of the Enterprise Chamber of Commerce, founding member and first chairman of the Enterprise Economic Development Corp. and served as its chairman for four years. He also served as treasurer and board member of the Dothan Chamber of Commerce.
Morgan is married to the former Marquita Snider, of Albertville, Ala. They have one daughter, Lesley Morgan Peters married to Andy Peters, and two grandchildren, John Morgan and Vada of Atlanta.