FAM Funds
Fenimore Private Client Group
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Stock Update: National Commerce Corp.

Our second-best performer was National Commerce Corp., a regional bank based out of Birmingham, Alabama, which added $2.69 million to returns. We followed management when they ran another bank and admired them for many years, so we were pleased to invest in National Commerce — their latest effort. Investors are beginning to recognize that National Commerce can grow into a much larger bank over time. The stock also benefitted from the post-election rally in bank stocks.

The portfolio is actively managed. For the FAM Small Cap Fund's current Top 10 Holdings to the most recent quarter-end, view its Portfolio Details.

To obtain the FAM Small Cap Fund's performance data that is current to the most recent month-end, click here.

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