The business and banking community breathed a long sigh of relief as the regulatory order for Statesboro's Farmers and Merchants Bank was lifted by the FDIC. In place since 2009, the lifting of the order indicates that Federal regulators are now fully satisfied with the Bulloch-owned bank's policies, procedures and capital levels. Over the past three decades, we have seen dramatic changes in the banking community locally. What was once a market served predominantly by locally-owned community banks, only one locally-owned bank now serves the market, Farmers and Merchants Bank.