Farmers & Merchants Bank of Long Beach (F&M) offers personal and business banking services in California. The company began in 1907 under the directives of C.J. Walker. Today they operate 22 branches in Los Angeles and Orange counties. F&M specializes in commercial and small-business banking, along with business loan programs up to $35 million. They are one of the strongest banks in the country as per many banking industry measurements.
F&M provides business banking products and services. These include business checking accounts, money market accounts, investment accounts, merchant card services, small business loans, and real estate and construction loans. They also offer commercial loans, church and nonprofit loans, and personal banking services. The bank lists on the OTCBB as part of the Regional-Pacific Bank industry. They have a current market capitalization of $724.80M.
Farmers & Merchants Bank of Long Beach has the distinction of being rated “California’s Strongest Bank” due to high ratings received from financial rating services such as Bauer Financial, Weiss Rating, Inc., Highline Data, and Veribanc. They have a capital ratio four times higher than the FDIC limit and can pay every depositor of theirs out in full if circumstances require. F&M is one of Long Beach, California’s largest employers.
The company provides full online banking services for their consumer and commercial customers. The company’s core business product is commercial real estate lending. They are committed to integrity and safeguarding the deposits of all who bank with them. They have conservative lending policies, which protect them and their shareholders from non-performing loan losses. On June 9, 2008, they announced that their board of directors had declared a regular quarterly cash dividend of $21 per share.
With a rich history of consumer and commercial banking behind them, Farmers & Merchants Bank of Long Beach is looking forward to continuing their high level of service. Their goal is to continue to provide trustworthy, honest service based on integrity to their varied client base. They know financial strength and their reputation depends on continuing to give the same high-quality service to Southern Californians that they have provided for the last 100 years.
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