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Chris Morgan Named Chair of Farmers & Merchants Bank

2 min read

Dr. Chris Morgan has been named chair of Farmers & Merchants Bank of Stuttgart, stepping into a role long held by the retiring Mickey Pierce.

The move took effect May 14. In a corresponding move, Kyle Ludwig was named vice chair of the $1.8 billion-asset lender.

Pierce, a general contractor and founder of Pierce & Co. Inc. of Stuttgart, is retiring after more than three decades on the bank’s board of directors. In a news release, the bank said he has been “a driving force behind Farmers and Merchants Bank’s growth and success.”

“I am grateful for the opportunity to have worked alongside such a dedicated and talented team, and I am confident that the bank will continue to thrive under the leadership of Chris and Kyle,” Pierce said in a statement.

Morgan joined the Farmers & Merchants Bank board in 2018. He’s a practicing physician at Baptist Health Medical Center in Stuttgart. Morgan holds a bachelor’s in biology from Hendrix College and a medical degree from UAMS.

“I am humbled and excited to take on this new responsibility,” Morgan said. “Mickey’s leadership has set a strong foundation for the bank, and I look forward to working with the entire team to build upon that legacy and continue serving our customers and communities with excellence.”

Morgan also serves as a board member for the Stuttgart Memorial Hospital Foundation. He is the president of the Harry “Butch” Richenback Scholarship Foundation, Walker Jones Land Co. and Prairie Wings Land Co. Morgan is also a partner in Twin Bayous Cattle Co.

Ludwig, vice president and general manager of Ludwig Distributing Co. of Stuttgart, also joined the bank’s board in 2018.

“I am honored to step into the role of Vice Chairman and work alongside Chris to lead Farmers and Merchants Bank into the future,” he said in a statement. “Together, we will strive to maintain the bank’s commitment to our customers, employees and the communities we serve.”

Farmers & Merchants Bank ranked No. 12 on Arkansas Business’ 2024 list of the state’s largest banks by assets. The bank has 26 locations across Arkansas, including eight operating as The Bank of Fayetteville.

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