October 17, 1985 |
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.
June 13, 2013 |
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 |
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.
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
February 10, 1993 |
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.
March 26, 2004 |
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.