Advertisement
YOU ARE HERE: LAT HomeCollectionsFarmers Merchants Bank
IN THE NEWS

Farmers Merchants Bank

FEATURED ARTICLES
BUSINESS
January 7, 1993 | RICK HOLGUIN, TIMES STAFF WRITER
The Federal Reserve Board has slapped Farmers & Merchants Bank with a $100,000 fine for allegedly discriminating against elderly and young people applying for credit cards. Officers of the bank, which has six branches in Orange County, agreed to pay the fine, which was imposed for alleged violations through June 29, but admitted no wrongdoing. "It's just being financially responsible to pay it," said Daniel K. Walker, Farmers & Merchants senior vice president.
ARTICLES BY DATE
NEWS
January 7, 2014 | By Armand Emamdjomeh
David Patrick Valera captures the moment as a man seals an envelope inside of the Farmers & Merchants Bank building in downtown Long Beach on Jan. 3. Follow Armand Emamdjomeh on Twitter or Google + . Each week, we're featuring photos of Southern California submitted by readers. Share your photos on our  Flickr page  or  reader submission gallery .  Follow us on Twitter  or visit  latimes .com/ socalmoments  for more on this photo series.
Advertisement
BUSINESS
November 29, 2011 | By Stuart Pfeifer, Los Angeles Times
A member of the founding family of Farmers & Merchants Bank has pleaded guilty to stealing nearly $2 million from a customer's account. Matthew J. Walker, who managed the bank's Laguna Hills branch, entered the guilty plea before U.S. District Judge Andrew J. Guilford in Santa Ana. Walker's attorney said he squandered the stolen money on a failed investment. Walker, 34, admitted to stealing the money by taking advances from a customer's line of credit during a 16-month period during 2009 and 2010.
ENTERTAINMENT
June 13, 2013 | By Christopher Knight, Los Angeles Times Art Critic
Before the 1980s, abstract painting typically embraced pure form - gesture or geometry as something self-contained, insulated from outside contamination. Over the past generation, however, another practice has bumped that insular, aloof idea aside. Conceptual abstraction flings open the door to the world and everything in it. "Painting in Place," a scruffy yet ambitious exhibition organized by LAND (Los Angeles Nomadic Division), is the latest to survey the widespread and invigorating territory.
BUSINESS
October 17, 1985 | JAMES S. GRANELLI, Times Staff Writer
Farmers & Merchants Bank of Long Beach, which acquired insolvent Capistrano National Bank last April, has gained control of an ailing Seal Beach bank by picking up nearly 70% of the stock in a friendly takeover, F&M President Kenneth Walker said Wednesday. The $1.5-million merger agreement with Town & Country Bank, he said, has been signed and presented to the state Department of Banking, which must approve the transaction before F&M can operate the Seal Beach bank.
ENTERTAINMENT
June 13, 2013 | By Christopher Knight, Los Angeles Times Art Critic
Before the 1980s, abstract painting typically embraced pure form - gesture or geometry as something self-contained, insulated from outside contamination. Over the past generation, however, another practice has bumped that insular, aloof idea aside. Conceptual abstraction flings open the door to the world and everything in it. "Painting in Place," a scruffy yet ambitious exhibition organized by LAND (Los Angeles Nomadic Division), is the latest to survey the widespread and invigorating territory.
CALIFORNIA | LOCAL
March 18, 2010 | By My-Thuan Tran
Richard Camp was hailed as a hero when he tackled a gunman suspected of trying to rob a Long Beach bank earlier this month. But these days, Camp feels more like a victim. The gunman shot him in the right thigh and his recovery will take months, Camp said. The 39-year-old general contractor said he is unable to work and worries about how to support his wife, Jean, and 3-year-old daughter, Aubrey. He initially thought that Farmers & Merchants Bank would offer him financial help.
BUSINESS
April 6, 2008
Really enjoyed the story on Farmers & Merchants Bank in Long Beach. ("Family tradition lends stability to bank," March 30.) What a shame they were not managing Countrywide Financial Corp. and Bear Stearns Cos. The management at family-run F&M probably would not have seemed sexy enough for those high rollers. We need more people like the Walkers in charge in this country. Elizabeth Kerigan Burbank
NEWS
January 7, 2014 | By Armand Emamdjomeh
David Patrick Valera captures the moment as a man seals an envelope inside of the Farmers & Merchants Bank building in downtown Long Beach on Jan. 3. Follow Armand Emamdjomeh on Twitter or Google + . Each week, we're featuring photos of Southern California submitted by readers. Share your photos on our  Flickr page  or  reader submission gallery .  Follow us on Twitter  or visit  latimes .com/ socalmoments  for more on this photo series.
BUSINESS
February 10, 1993 | From Times Staff and Wire Reports
Fed Cites Bias in Denying Branch Application: The Federal Reserve Board denied the application by Farmers & Merchants Bank of Long Beach to open a branch in Costa Mesa because of the bank's "repeated violations of consumer lending laws" and poor performance under the Community Reinvestment Act. The bank suffers "chronic deficiencies" in its compliance with the CRA, which requires lenders to meet the credit needs of their local communities, according to the Fed statement.
NEWS
July 23, 2012 | By Stuart Pfeifer
   A member of the founding family of Farmers & Merchants Bank was sentenced to 41 months in federal prison for stealing nearly $2 million from a customer's account.    Matthew J. Walker was ordered to pay $1.8 million in restitution as part of the sentence handed down Monday by U.S. District Judge Andrew J. Guilford at the federal courthouse in Santa Ana.    Walker, who managed Farmers & Merchants' Laguna Hills branch, pleaded guilty last year to theft by a bank officer.
BUSINESS
November 29, 2011 | By Stuart Pfeifer, Los Angeles Times
A member of the founding family of Farmers & Merchants Bank has pleaded guilty to stealing nearly $2 million from a customer's account. Matthew J. Walker, who managed the bank's Laguna Hills branch, entered the guilty plea before U.S. District Judge Andrew J. Guilford in Santa Ana. Walker's attorney said he squandered the stolen money on a failed investment. Walker, 34, admitted to stealing the money by taking advances from a customer's line of credit during a 16-month period during 2009 and 2010.
CALIFORNIA | LOCAL
March 18, 2010 | By My-Thuan Tran
Richard Camp was hailed as a hero when he tackled a gunman suspected of trying to rob a Long Beach bank earlier this month. But these days, Camp feels more like a victim. The gunman shot him in the right thigh and his recovery will take months, Camp said. The 39-year-old general contractor said he is unable to work and worries about how to support his wife, Jean, and 3-year-old daughter, Aubrey. He initially thought that Farmers & Merchants Bank would offer him financial help.
CALIFORNIA | LOCAL
March 6, 2010 | By My-Thuan Tran and Louis Sahagun
David Jones was chatting with a manager at a Farmers & Merchants Bank in Long Beach on Friday when a man wearing a red motorcycle helmet and a black leather outfit barreled through the door, pulled out a gun and started shooting. Jones froze. People began screaming and falling to the floor. In the chaos, Jones watched as another male customer grabbed the suspect and wrestled his gun away. Jones quickly realized the customer had been shot in the thigh, and the suspect was wiggling away, so he jumped on top of the man. His hand brushed against another gun underneath the suspect's jacket and he threw the weapon across the floor.
BUSINESS
April 6, 2008
Really enjoyed the story on Farmers & Merchants Bank in Long Beach. ("Family tradition lends stability to bank," March 30.) What a shame they were not managing Countrywide Financial Corp. and Bear Stearns Cos. The management at family-run F&M probably would not have seemed sexy enough for those high rollers. We need more people like the Walkers in charge in this country. Elizabeth Kerigan Burbank
BUSINESS
March 26, 2004 | James F. Peltz
Marcus Walker, a dissident member of the family that runs Farmers & Merchants Bank of Long Beach, said he scored a partial victory in a proxy fight. F&M Bank's shareholders elected one of the two directors nominated by Walker, who is leading an investor group that is pressing the closely held bank to make several changes, such as splitting its stock. "I am hopeful the board of directors will seek to enhance shareholder value now," Walker said in a statement.
BUSINESS
March 26, 2004 | James F. Peltz
Marcus Walker, a dissident member of the family that runs Farmers & Merchants Bank of Long Beach, said he scored a partial victory in a proxy fight. F&M Bank's shareholders elected one of the two directors nominated by Walker, who is leading an investor group that is pressing the closely held bank to make several changes, such as splitting its stock. "I am hopeful the board of directors will seek to enhance shareholder value now," Walker said in a statement.
BUSINESS
March 19, 2004 | James F. Peltz
Shareholders of Farmers & Merchants Bank of Long Beach met to decide a proxy fight between factions of the bank's controlling Walker family, but results won't be announced for another week, a lawyer for one of the dissident shareholders said. Investors at the annual meeting voted on a slate of seven directors for the bank's board, which has been led by Daniel Walker, the bank's chairman and an executive vice president.
BUSINESS
March 18, 2004 | James F. Peltz, Times Staff Writer
Farmers & Merchants Bank of Long Beach is a community bank founded nearly a century ago by C.J. Walker that is still "in the hands of the Walker family," its website proudly points out. To some members of the Walker clan, that's just the problem. A dissident branch of Walker heirs who are F&M Bank shareholders -- led by Marcus Walker, one of C.J.'s great-grandsons -- is challenging the management of the closely held bank headed by his uncle, Chief Executive and President Kenneth G. Walker.
Los Angeles Times Articles
|