F&M Bank appoints Mark Harrison to board

LONG BEACH - Farmers & Merchants Bank of Long Beach (OTCQB: FMBL), a California-based banking institution, today announced the addition of Mark E. Harrison to its board of directors. Harrison, who recently retired from a nearly four-decade tenure at KPMG LLP, replaces Walter M. Florie, a board member since 2007.

At KPMG, Harrison, 61, was deeply involved with the financial services industry practice, serving a client base that included regional and community banks as well as large money center banks. His expertise extended to tax consulting and advisory services, which he provided to Farmers & Merchants Bank for more than 15 years. Harrison’s specialization includes mergers and acquisitions, complex financial transactions, tax credit investment structures, and accounting for federal and state income taxes.

Daniel K. Walker, the executive chairman of Farmers & Merchants Bank’s board, praised Harrison’s financial acumen and risk oversight capabilities. Walker highlighted Harrison’s deep understanding of the regional banking landscape and his long-standing relationship with the bank as vital to their strategy for regulatory enhancement and long-term growth.

Beyond his professional career, Harrison is recognized for his contributions to academia and community service. He has served as a clinical professor in the Graduate Taxation program at the University of Southern California and authored publications on taxation of financial institutions. His community involvement includes positions on the board of the South Bay Classical Academy and past roles with Big Brothers Big Sisters of the East Bay and the YMCA of Metropolitan Los Angeles.

Harrison holds a master’s degree in Taxation from Golden Gate University and a bachelor’s degree in Business Administration from the University of California, Berkeley.

Farmers & Merchants Bank, founded in 1907, operates 27 branches and offers a range of banking services, including commercial and small business banking, home loans, and consumer retail banking products. The bank is FDIC insured and an Equal Housing Lender.

This update is based on a press release statement from Farmers & Merchants Bank of Long Beach.

In other recent news, Farmers & Merchants Bank of Long Beach has announced a regular quarterly cash dividend of $28 per share on its common stock. This dividend will be distributed on June 30, 2025, to shareholders who are recorded by June 13, 2025. The bank has maintained this practice since 1916, marking the 532nd consecutive payment to its shareholders. The amount of the quarterly dividend has remained consistent over time. Farmers & Merchants Bank operates 27 branches across California and offers a variety of banking services. The bank is insured by the Federal Deposit Insurance Corporation (FDIC) and holds the status of an Equal Housing Lender. This information was released through a press statement by the bank’s board of directors.

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