Farmers & Merchants Bank was originally started in 1907 in Long Beach by the Walker Family and their original downtown branch is still operational today. Currently F&M Bank has 25 locations, including their newest branch in Rossmoor and locations in Santa Barbara. They have over 700 employees including a new call center located in Seal Beach. Additionally their real estate lending portfolio holds 3 billion dollars in outstanding loans.
Dave Sakamoto grew up in Culver City and now lives in Cerritos with his wife and child. Dave continues to give back to Southern California and is a part of several affiliations within the Long Beach community. Dave has been in banking for over 30 years and currently is the branch manager at Farmers and Merchants Bank in Belmont Shore and has been an Execs member since 2014.
Dave’s talk focused on the changes within F&M Bank which included the importance of customer retention for checking accounts, adding and updating their online banking, banking fees, and traffic through the branches, as F&M still has their traditionalist customers that go to their branches regularly. They recently improved their online banking system to entice new clients and continue to compete with their competitors. One friendly feature is that if you also have an IRA or CD with the bank then they will waive the service charges incurred. Also in an effort to go green, F&M brought back paper statement fees as an incentive for clients to choose instead to receive e-statements. Dave also mentioned that non-sufficient funds (NSF) fees have gone up to $30 dollars; however, as a courtesy F&M will waive any ATM fees.
For over 100 years Farmers & Merchants Bank has serviced the community and provided hometown banking service. As they continue to grow, F&M continues to provide their customers the highest quality service and cater to their clients’ needs.
Remember to invite guests to keep our membership continually growing!
1st Classification Postings:
2nd Classification Postings:
Rodney Bolton of HR Bizz
Mary Makler of Mary Makler Private Fiduciary
Welcome New Members:
Welcome Joe Zieba of Zieba Builders in the classification of Building Contractor - Residential.
Welcome Jack Skovgard of Long Beach Home Loan Corp in the classification of Home Loans.
Welcome Marc Materie of Merchant Services Group in the classification of Merchant Services.
Other Membership News:
Traveling? Call Pat Ellington for toady's hot deals.
PGA West La Quinta Condo. Call Jim Nesmith for details (562) 900-2230.
Board Meeting Minutes: