Company: FMFG
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001437749-25-018314
Chunk: 3

Company: Farmers & Merchants Bancshares, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 3
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 sales of shares under the Plan.

Investing in our securities involves certain risks. See“RISK FACTORS”starting on page 5 of this prospectus.

NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

THE SECURITIES OFFERED HEREBY ARE NOT DEPOSIT OR SAVINGS ACCOUNTS OR OTHER OBLIGATIONS OF ANY BANK, AND THEY ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY OR INSTRUMENTALITY.

Our principal executive offices are located at 4510 Lower Beckleysville Road, Suite H, Hampstead, Maryland 21074 and our telephone number is (410) 374-1510.

<div align='center'>The date of this Prospectus is [•]

TABLE OF CONTENTS</div>

Page

| ABOUT THIS PROSPECTUS                             |  3 |
| SUMMARY                                           |  3 |
| A WARNING ABOUT FORWARD-LOOKING STATEMENTS        |  4 |
| RISK FACTORS                                      |  5 |
| DESCRIPTION OF THE PLAN                           |  7 |
| PLAN OF DISTRIBUTION                              | 14 |
| USE OF PROCEEDS                                   | 15 |
| DESCRIPTION OF THE COMMON STOCK                   | 15 |
| EXPERTS                                           | 18 |
| LEGAL MATTERS                                     | 18 |
| WHERE YOU CAN FIND MORE INFORMATION               | 18 |
| INCORPORATION OF CERTAIN INFORMATION BY REFERENCE | 19 |

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ABOUT THIS PROSPECTUS</div>

This prospectus is part of a registration statement on Form S-1 that we filed with the Securities and Exchange Commission, which we refer to as the “SEC”, relating to the shares of our common stock offered under the Plan. This prospectus does not include all of the information in the registration statement. The registration statement containing this prospectus, including exhibits to the registration statement, provides additional information about Farmers and Merchants Bancshares, Inc., the Plan, and the shares of common stock offered under the Plan. Before making a decision to invest in shares of common stock, you should carefully read this prospectus, especially the section entitled “RISK