Thomas “Gary” Hudson will retire as CEO of Farmers & Merchants Bank (FMB) and The Bank of Fayetteville on Dec. 31 after leading the bank for the past 11 years, according to the instiution’s Facebook post.The incoming president and CEO will be Executive Vice-President Brad Chambless who will assume those duties Jan. 1.Under Hudson’s leadership Farmers and Merchants Bank has grown 300% in total assets, adding 20 branches across the state, including Mountain Home, with eight operating as The Bank of Fayetteville.
A native of DeWitt, Hudson earned his undergraduate degree at Arkansas State University and his juris doctorate from the University of Arkansas School of Law in Fayetteville. He is also a graduate of the Southwestern Graduate School of Banking at Southern Methodist University in Texas and has a 40-year banking career.
In addition to his service at Farmers and Merchants Bank, Hudson has served on several professional boards including the Arkansas Bankers Association. He was also appointed by former Gov. Mike Beebe to the Arkansas State Bank Board and reappointed by Gov. Asa Hutchinson. Hudson spent 20 years on the board of visitors at Phillips Community College of the University of Arkansas, serving as chairman the last six years of his commitment. He remains a board member for the Southwestern Graduate School of Banking. This year he was listed among 250 of Arkansas’ Most Influential Leaders by Arkansas Business.
Hudson will continue to serve on the FMB board in addition to spending time with family and friends.
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