Kent A. Steinwert, chairman, president and chief executive officer of Farmers & Merchants Bank of Central California said the bank has been recognized as one of California's safest and most secure banks by several national rating firms.
BauerFinancial, Inc., a national bank-rating firm, announced that F&M Bank has earned the highest 5-Star Superior rating for financial strength and stability based upon 2009 year-end financials, F&M said in a news release. It is the 74th consecutive quarter that F&M Bank has earned this honor, and the news release said only 7 percent of the nation's reach that rating.
The Findley Cos,, a California's bank advisory and consulting firm, recognized F&M Bank for achieving "Super Premier Performance," its highest rating, the news continued.
TheStreet.com Ratings. Inc., gave F&M Bank an "A" (Excellent Financial Strength) safety rating, its highest rating, which only four California banks received based on 2009 year-end financials, according to the news release.
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VERIBANC,® gave F&M Bank the "Blue Ribbon Bank Commendation of Excellence," its highest rating, the 55th consecutive quarter that F&M Bank has earned that rating.
Farmers & Merchants Bank of Central California, also known as F&M Bank, is a full service, locally owned and operated community bank with more than $1.7 billion in assets. F&M Bank serves California's Great Central Valley through 24 locations from Sacramento to Merced.