Farmers & Merchants Bank of Long Beach Reports Earnings Results for the First Quarter Ended March 31, 2024

Farmers & Merchants Bank of Long Beach (the Bank) is a California state- chartered bank that offers a broad range of banking products and services to individuals, professionals and small to medium-sized businesses. It operates 26 branches in California’s Los Angeles County, Orange County and Santa Barbara County, as well as through online and mobile banking platforms. The Bank as commercial bank, offers a range of banking products and services, including accepting demand, money market, savings, and time deposits; originating loans, including commercial real estate loans, construction loans, and commercial business loans; and providing other business-oriented banking products and services. It provides financing for residential loans, including single-family and multifamily loans. The Bank's loan portfolio consists of commercial and industrial, construction, commercial real estate, residential mortgage, equity lines, installment, and other loans. It also provides treasury management.