F&M in Va. to benefit from broker-dealer investment

F&M Bank in Timberville, Va., should have a $3.8 million windfall from the sale of one of its investments.

The $1.2 billion-asset company disclosed in a regulatory filing Tuesday that it will benefit from the sale of broker-dealer Infinex Financial Holdings to Advisor Group. 

F&M said it could also receive up to $750,000 from post-closing incentives. 

The company said it expects the transaction to close in the third or fourth quarter.