July 23, 2012 |
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.
November 29, 2011 |
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 |
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 |
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.
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
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.