Newsweek Magazine Selects Farmers & Merchants Bank of Central California as California’s Best Community Bank | 2021-10-20 | Press Releases
LODI, Calif., October 20, 2021 (GLOBE NEWSWIRE) – Farmers & Merchants Bancorp (OTCQX: FMCB), the parent company of Farmers & Merchants Bank of Central California (F&M Bank), is pleased to announce that F&M Bank has been named “Best Community Bank in California” in Newsweek’s ranking of Best American Banks 2022.
Newsweek’s ranking recognizes the financial institutions that best serve the needs of their customers in each state. The ranking of the best community banks was published in America’s Best Banks magazine. Newsweek has acknowledged that the pandemic has reshaped banking, prompting consumers to seek reliable customer service with banking options that serve them best.
America’s Best Banks winners were selected from over 2,500 financial institutions and assessed on over 30 distinct factors spanning overall bank health, customer service performance and functionality, digital and branch presence, account and loan options, interest rate offers and fees. The best community bank in each state was to have total assets of less than $ 10 billion.
“We are extremely honored to have been selected as the best community bank in California”,said Kent A. Steinwert, Chairman, President and CEO of F&M Bank. âThis recognition is a testament to the superior customer service that the F&M Bank team members provide to our clients. We are touched by Newsweek’s recognition and are proud to have trusted for generations in the communities we serve. â
About Farmers & Merchants Bancorp
Farmers & Merchants Bancorp, listed on the OTCQX under the symbol FMCB, is the parent company of Farmers & Merchants Bank of Central California, also known as F&M Bank. Founded in 1916, F&M Bank is a locally owned and operated community bank that proudly serves California through 32 convenient locations. The F&M Bank is the 14e the largest agricultural bank lender in the United States and the largest community agricultural bank lender west of the Rocky Mountains. In 2013, the bank began an expansion in the San Francisco Bay Area with new full-service branches in Walnut Creek, Concord and Napa. At the end of 2021, F&M Bank will open a full-service branch in Oakland in the village of Montclair. The Bank offers a full line of business loan, deposit, equipment rental and cash management products, as well as a full line of consumer banking products. The FDIC gave F&M Bank the highest possible rating of âOutstandingâ in its 2019 CRA assessment. Farmers & Merchants Bancorp has paid dividends for 86 consecutive years and increased its dividends for 56 consecutive years. As a result, FMCB is a member of a select group of only 32 publicly traded companies referred to as “Dividend Kings. & CloseCurlyDoubleQuote; Additionally, the bank has maintained a 5-star BauerFinancial rating for 30 consecutive years, longer than any other commercial bank in the State of California. For more information on Farmers & Merchants Bancorp and F&M Bank, visit fmbonline.com.
Statements regarding future performance, developments or events, growth expectations and revenue forecasts, and any other indication about future periods, constitute forward-looking statements subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, balance sheet management, net interest margin levels, the ability to control costs and expenses, changes in interest rates, competitive environment, US government financial and regulatory policies, water management issues in California, and general economic conditions. Additional information about these and other factors that could affect financial results is included in our filings with the Securities and Exchange Commission. The Company disclaims any obligation to update such factors or to publicly announce the results of any revision of any forward-looking statement contained herein to reflect future events or developments.