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F&M Bank, headquartered in Lodi, California, is a locally owned and operated full-service community bank with over $2.9 billion in assets. With more than 26 locations, F&M Bank is known for its commitment to serving the communities of California. The bank has been consistently recognized as one of the safest in the state, holding the five-star, superior bank award by Bauer Financial for over 20 years.
Aside from its financial stability, F&M Bank is dedicated to reinvesting profits back into the Central Valley and East Bay regions, earning an 'outstanding' rating for community reinvestment. The bank's mission is to enhance the quality of life in the communities it supports while providing top-notch banking services.
Farmers & Merchants Bancorp (OTCQX: FMCB), the parent company of Farmers & Merchants Bank of Central California, announced that it has been ranked 6th on Forbes Magazine's list of 'America's Best Banks' for 2023. The ranking evaluates metrics like growth, credit quality, profitability, and capital for the 2023 calendar year, as well as stock performance through March 18, 2024. CEO Kent A. Steinwert emphasized the bank's conservative business practices and consistent financial performance, noting their 58 consecutive years of cash dividend increases, earning them the title of 'Dividend King'. Steinwert also highlighted the bank's strong liquidity, solid credit quality, and overall portfolio performance.
Farmers & Merchants Bank of Central California (FMCB) has been ranked 4th on S&P Global Market Intelligence's 'Top 50 List of Best-Performing Community Banks' in the US for 2023. The bank's strong financial performance, growth, and balance sheet risk profile contributed to this recognition. With a history of conservative business practices, the bank has maintained consistent growth in net profits, leading to a 58-year streak of increasing cash dividend payouts. This acknowledgment solidifies the bank's position as a 'Dividend King' and reflects its commitment to financial stability and community trust over its 108-year history.
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