Corporate Bond Administration

As an established financial pillar in Arkansas, Farmers & Merchants Bank serves as an objective, highly qualified third-party trustee. We provide the structural integrity and compliance oversight required to manage bond issues, protect bondholders, and satisfy strict regulatory demands. Our collaborative wealth management team works seamlessly to give your organization complete peace of mind.


Maintaining Structural Integrity for Corporate Debt

Municipal Issuers

For city, county, and state agencies seeking an objective trust partner to tightly monitor debt service obligations and manage local infrastructure funding streams legally.

Corporate Entities

Providing businesses with institutional compliance management, rigorous debt covenant verification, and streamlined transactional support across complex commercial lines.

Legal & Advisory Groups

Serving as an expert, independent escrow and registration partner to properly coordinate complicated multi-party financial closures with absolute regulatory security.


Bond Trustee Obligations

Acting as an objective, independent third-party trustee to protect the structural values of debt holders, ensuring all indentures and legal conditions are met cleanly without deviation.

Escrow & Capital Project Controls

Holding and distributing specialized fund allocations under customized corporate escrow terms for major capital construction, business mergers, or corporate acquisitions.

Paying Agent & Registrar Administration

Managing complete backend administrative processing, executing timely principal and interest distributions to investors, and keeping flawless ownership registries secure.

Statutory Accounting & Compliance

Rigorous tracking, ledger administration, and comprehensive fiscal reporting designed to easily satisfy strict local, state, and federal regulatory mandate audits.


Fiduciary Reference Context & Standards

  • All department investment activities comply strictly with the Uniform Trust Code (UTC) and the Uniform Prudent Investor Act (UPIA).
  • Every institutional account undergoes rigorous oversight matching OCC Regulation 9 Fiduciary Review guidelines.
  • Portfolios are governed by an ongoing committee review process to maximize overall tax efficiency and manage risk volatility.
  • Institutional trust holdings are securely stored and completely separated from the bank’s own balance sheet.
  • Assets legally belong to your organization and cannot be reached by bank creditors.
  • Meticulous year-end tax reporting and detailed oversight are delivered correctly and on time.

Comprehensive Fiduciary Administration

Strategic Objectives

Debt administration frameworks configured precisely around public parameters to lock in your issuance advantages securely.

Paperwork Mastery

Handling all complex registration documentation, asset listings, and debt covenant audits seamlessly.

Legacy Alignment

Providing objective financial stability that reinforces municipal and corporate frameworks for generations.


“When you work with our Trust Department, we’re not just moving numbers around; we’re protecting what matters most to you… our job is to take the complicated financial guesswork off your plate so you can get back to truly living your life.”
— Kelly Davis, Chief Trust Officer

Meet Your Trust Officer

Carolyn McGraw | Vice President & Senior Trust Officer

Carolyn brings a distinguished 45-year banking legacy to the Farmers & Merchants Bank wealth team. Based directly at our Stuttgart center, she has developed an unmatched operational depth starting from bookkeeping and loan coordination to executing senior trust officerships since 2009. Carolyn holds advanced qualifications via the Southwest Graduate School of Banking at SMU Cox in Dallas, combining her technical precision in managing complex corporate bonds and escrow holdings with unmatched patience and dedication to her clients.

“I take true pride in servicing my customers. It has been 45 years of my life, they are what keep me here, and I want to see them through to the very end.”

Important Disclosures: Investment and specialized asset products are: Not a Deposit | Not FDIC Insured | May Lose Value | Not Bank Guaranteed | Not Insured by any Federal Government Agency. The information on this webpage is for educational purposes and does not constitute formal legal, tax, or accounting advice. Please consult with your personal legal and tax advisors regarding your specific asset situation.