Farmers & Merchants Bancorp (FMCB) ranked #6 on Forbes Magazine’s List of “America’s Best Banks” for 2023

LODI, Calif., May 13, 2024 (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 F&M Bank has been ranked 6^th on Forbes Magazine’s list of "America’s Best Banks" in 2023.

Forbes’ annual “America’s Best Banks” list looks at ten metrics measuring growth, credit quality, profitability, and capital for the 2023 calendar year, as well as stock performance in the 12 months through March 18, 2024. “This ranking speaks to our emphasis on conservative business practices throughout our 108 year history and recognizes our incredible performance in 2023,” said Kent A. Steinwert, Chairman, President, and Chief Executive Officer. “Our focus has led to a track record of consistent outstanding financial performance, growing net profits, strong liquidity, solid credit quality, and overall portfolio performance. Farmers & Merchants Bank of Central California remains in outstanding financial condition and is well positioned to meet the challenges ahead.”

“We are honored to be selected by Forbes as America’s 6^th Best Bank,” said Steinwert. “Our consistent growth of net profits over many years has allowed the Bank to increase its cash dividend payout for 58 consecutive years, making the Bank a member of the select group of only 56 publicly traded companies designated as a ‘Dividend King’. For over 108 years, F&M Bank has remained safe and secure and has been trusted for generations in the communities it serves. Forbes’ recognition motivates us to continuing doing our best to ensure the company’s continued success.”

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, also known as F&M Bank. Founded in 1916, F&M Bank is a locally owned and operated community bank, which proudly serves California through 32 convenient locations. F&M Bank is financially strong, with over $5.7 billion in assets, and is consistently recognized as one of the nation's safest banks by national bank rating firms. The Bank has maintained a 5-Star rating from BauerFinancial for 31 consecutive years, longer than any other commercial bank in the State of California.