Farmers & Merchants Bank of Central California (FMCB) ranked #4 Best-Performing Community Bank in the United States for 2023

LODI, Calif., May 06, 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 4^th on S&P Global Market Intelligence's “Top 50 List of Best-Performing Community Banks” in the US with assets between $3 billion and $10 billion.

S&P Global Market Intelligence ranks financial institutions based on several key factors including financial returns, growth, and balance sheet risk profile.

Kent A. Steinwert, Chairman, President, and Chief Executive Officer stated, “This special recognition confirms that our conservative business practices over the past 108 years have proven to be successful. We are extremely honored and grateful to S&P Global Market Intelligence for highlighting our outstanding 2023 financial performance”, said Steinwert. Farmers & Merchants Bank of Central California remains very liquid, well-capitalized, and in excellent overall financial condition. 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. S&P’s 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.