Farmers & Merchants Bank Foundation Awards $10,000 in Scholarships to CSULB Business Students

January 26, 2021

LONG BEACH, CA (January 26, 2021) - Farmers & Merchants Bank Foundation (FMB Foundation), is pleased to announce the four recipients of the 2020 John W.H. Hinrichs Scholarship, each receiving $2,500: Julian Agredano, accountancy major; Brianna DeGuzman, accountancy major; Iris Galvan, accountancy major; Danielle Lozada, accountancy and information systems double major.

In 2014, Farmers & Merchants Bank created the scholarship with the CSULB 49er Foundation to honor our Chief Financial Officer, John W.H. Hinrichs, for his 50 years of service to the Bank. F&M Bank Chairman of the Board and CEO, Daniel K. Walker, announced on March 30, 2014, that the Farmers & Merchants Bank Foundation, a newly created entity inspired by founder C.J. Walker and his wife, Carrie, both devoted philanthropists, would, as its first gift, endow the John W.H. Hinrichs Finance and Accounting Scholarship at the California State University of Long Beach. The scholarship would be awarded to a deserving and promising student of finance who was in need and intent on bettering themselves through education.

Eligible candidates must currently be an undergraduate major or pre-major in Accountancy or Finance at CSULB or must be a high school senior intending to pursue an undergraduate major in Accounting or Finance at CSULB. Other criteria include California residency, a history of work experience or an active work ethic, participation in community service, and full-time student status.

This year’s winners were selected from 166 applicants by a Selection Committee comprised of F&M Bank Foundation Board members. Preference was given to Long Beach residents.

Congratulations to the recipients of this year’s scholarship program, said John W.H. Hinrichs, F&M Bank Executive Vice President, Chief Financial Officer and Cashier. I am grateful and proud of F&M’s efforts to create opportunities that support students.

We are grateful for the opportunity to assist these students, said W. Henry Walker, F&M Bank President. We believe an investment in our local students is an investment in the future of our community.

For more information on F&M Bank’s Chief Financial Officer, John W.H. Hinrichs, refer to pages 110-113 of our 110 Year Book.

About Farmers & Merchants Bank

Founded in Long Beach in 1907 by C.J. Walker, Farmers & Merchants Bank provides white-glove service to clients at 25 branches across Orange County, Long Beach, the South Bay and Santa Barbara, as well as through robust Online and Mobile Banking platforms. The Bank offers commercial and small business banking, business loan programs, home loans, and a robust offering 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.