Farmers & Merchants Bank Announces New Torrance Branch Manager

TORRANCE, Calif.--(BUSINESS WIRE)--Farmers & Merchants Bank, independently rated as the strongest bank in California, announces Ted Pappas as the new manager of the Torrance branch.

With 15 years of banking experience, including serving as vice president of development for First Regional Bank in Century City, Pappas is planning to focus on branch growth and increasing the community presence of the Torrance branch. In his new position, he will lead the lending and management functions of the branch while building and developing stronger customer relationships.

Coming from an entrepreneurial background, Pappas is excited to invest himself in a family operated bank with a rich heritage. “I’m thrilled to work for F&M Bank and with the Walker family, whose commitment to building relationships with their customers has set the tone for the bank’s culture and has fostered a solid reputation in the banking community,” says Pappas.

“Although he has only been with F&M for a short time, Ted’s 15 years of banking experience makes him a good fit with our management team,” said Henry Walker, CEO of Farmers & Merchants Bank. “We are confident he will provide a fresh addition to the high-quality service that our customers have come to expect.”

Pappas is a graduate of University of Southern California, with a degree in Finance.

About Farmers & Merchants Bank of Long Beach

Farmers & Merchants Bank was founded in Long Beach in 1907 by C.J. Walker. Celebrating over 100 years of community service and strength, the bank currently has a staff of nearly 600 employees throughout Southern California. In addition to being a full service bank, F&M specializes in commercial and small business banking along with various business loan programs. Farmers & Merchants continues to be one of the strongest banks in the country as measured by a variety of industry standards. For instance, Farmers & Merchant’s Return-On-Assets ratio is double the California average and significantly exceeds the nation’s largest banks.

For more information about F&M, please call the media contacts listed or visit the website, www.fmb.com.