Farmers & Merchants Bank of Long Beach Names Mark E. Harrison to Board of Directors

LONG BEACH, Calif.--(BUSINESS WIRE)--Farmers & Merchants Bank of Long Beach (“F&M” or the “Bank”) (OTCQB: FMBL) today announced that Mark E. Harrison has been named to its board of directors. Harrison succeeds Walter M. Florie, who served on the F&M Bank’s board since 2007.

Harrison, 61, recently retired after having spent nearly four decades at KPMG LLP as part of the firm’s financial services industry practice. His client base was comprised of numerous depository institutions including a large number of regional and community banks as well as large money center banks, and for more than 15 years, he provided tax consulting and advisory services directly to the Bank. Over the course of his career, Harrison specialized in providing consultations in the contexts of mergers and acquisitions, complex financial transactions and instruments, tax credit investments structures and accounting for federal and state income taxes.

“Mark brings a remarkable blend of financial acumen, risk oversight, and hands-on experience with institutions much like ours,” said Daniel K. Walker, executive chairman of F&M’s board. “His deep understanding of the regional banking landscape—shaped by decades of advising financial institutions—and his long-standing relationship with our Bank make him an exceptional addition to our board as we continue to enhance our regulatory posture and pursue long-term growth for our clients and shareholders.”

Harrison is a respected educator, having served as a clinical professor in the Graduate Taxation program at the University of Southern California and a contributing author of Taxation of Financial Institutions, Second Edition (LexisNexis, 2018). He is a Certified Public Accountant licensed to practice in California and New York. Harrison also is an active community leader, serving on the board of the South Bay Classical Academy, and previously on the boards of 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.

About Farmers & Merchants Bank of Long Beach

Founded in Long Beach in 1907 by C.J. Walker, Farmers & Merchants Bank provides white-glove service to clients at 27 branches from San Clemente to Santa Barbara, as well as through its Online and Mobile Banking platforms. The Bank offers commercial and small business banking, business loan programs, home loans, and a robust offering of consumer retail banking products, including checking, savings and youth accounts. Farmers & Merchants Bank is a California state-chartered bank with deposits insured by the Federal Deposit Insurance Corporation (Member FDIC) and an Equal Housing Lender. For more information about F&M, please visit the website, www.fmb.com.