Farmers & Merchants Bank Announces Lease And Construction Of New Branch In Santa Barbara
January 24, 2018
SANTA BARBARA, CA (January 24, 2018) - Farmers & Merchants Bank (F&M), one of the strongest commercial and retail banks in California, announced the signing of a new lease for 10 years with options into the future for the banking community of Santa Barbara at 33 East Carrillo.
The 5,000 square foot facility will proudly serve the communities of Santa Barbara, Montecito and Goleta just as F&M Bank has done throughout Southern California for the last 111 years.
“From our humble beginnings in 1907, to now being among the top 2% of banks in the entire nation, we are very proud that F&M Bank has stayed consistently profitable for over a century,” said Daniel Walker, Chairman of the Board and CEO of F&M Bank, and the great-grandson of founder C.J. Walker. “We have flourished due to our exceptional customers, our five generations of family management, the strength of our Capital accounts, and the very long tenure of many of our 750+ employees. All of these things together support our tenure as ‘California’s Strongest, since 1907’. And our entry in Santa Barbara will help us continue that growth.”
With nearly $7 Billion in assets and 24 branches throughout the South Bay, Los Angeles and Orange County, the Central Coast was chosen by the Bank as a perfect complement to F&M’s new Santa Barbara Trust Company office.
“F&M Bank was founded on the principles of Honesty, Integrity, the Home, the Church and Service-above-Self, so we have always been committed to investing in the communities in which we serve.” said Henry Walker, President of F&M and another great-grandson of F&M’s founder. Walker continued, “Especially now, given the recent tragedies the area has suffered, we are especially proud to be able to invest in the local economy, bring jobs and plant long-term roots in Santa Barbara with this new branch. And with F&M decision makers located right in the branch, customers won’t need to wait for decisions from some far off east coast headquarters.”
Completion of the remodeled facility is slated for mid-2018. For more information about Farmers & Merchants Bank, please visit www.fmb.com.
About Farmers & Merchants Bank
Founded in Long Beach in 1907 by C.J. Walker, Farmers & Merchants Bank has nearly $7 Billion in assets, and 24 branches across Orange County, Long Beach, the South Bay and now in Santa Barbara. The Bank specializes in commercial and small business banking, business loan programs, home loans, and a robust offering of consumer retail banking products, including checking, savings and youth accounts. Farmers & Merchants Bank is a California state chartered bank with deposits insured by the Federal Deposit Insurance Corporation (Member FDIC) and an Equal Housing Lender. For more information about F&M, please visit the website, www.fmb.com.