Farmers & Merchants Bancorp (FMCB) which serves Central California ranked as the Nation’s #1 Performing Bank for 2022

LODI, Calif., July 31, 2023 (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 the Company has been recognized as the #1 Performing Bank in the nation across all asset categories for 2022 according to Bank Director Magazine’s 2023 “RankingBanking” study.

The RankingBanking study scores the 300 largest publicly traded banks nationally based on year-end performance for 2022, using return on average equity, return on average assets, capital adequacy, asset quality and one-year total shareholder return. Banks are scored on each of the five metrics. The scores are merged into an overall score, which determines the ranking. The data is compiled by Piper Sandler & Co. using S&P Global Market Intelligence data.

"We are extremely honored to be ranked as the #1 Performing Bank in the nation by Bank Director Magazine." said Kent A. Steinwert, Chairman, President and CEO of Farmers & Merchants Bancorp (FMCB). “Our extraordinary financial results in 2022 and through the first half of 2023 continue our long history of superior performance. Since the founding of the company, 107-years ago, we have followed the operating philosophy of serving the needs of our four key constituents in a balanced manner. Our strategies have resulted in long-term shareholder value creation, stable career opportunities for employees, value-based and superior service to our customers and significant reinvestment in the communities we serve to improve the overall quality of life. The Board of Directors extends our sincere gratitude to our customers, employees, shareholders and communities for their ongoing support of Farmers & Merchants Bancorp (FMCB). We are humbled by Bank Director Magazine’s recognition and are proud to have been trusted for generations in the communities we serve.”

About Farmers & Merchants Bancorp

Farmers & Merchants Bancorp, trades on the OTCQX under the symbol FMCB, is the parent company of Farmers & Merchants Bank of Central California, doing business as F&M Bank. Founded in 1916, F&M Bank is a locally owned and operated community bank, which proudly serves Central California through 32 convenient locations. F&M Bank offers a full complement of loan, deposit, equipment leasing and treasury management products to businesses, as well as a full suite of consumer banking products.