Farmers & Merchants Bank of Long Beach Closes Equity Investment

Farmers & Merchants Bank of Long Beach (“F&M” or the “Bank”) (OTCQX: FMBL) today announced the Bank has closed on a $200 million equity investment in the Bank by a large financial services company (the “Investor”). As part of the transaction, the Investor purchased 16,261 shares of non-voting Series A Preferred Stock that will be the economic equivalent of the Bank’s common stock.

Piper Sandler & Co. served as financial advisor and Paul Hastings LLP served as legal advisor to F&M.

About Farmers & Merchants Bank of Long Beach

Founded in Long Beach in 1907 by C.J. Walker, Farmers & Merchants Bank provides white-glove service to clients at 27 branches from San Clemente to Santa Barbara, as well as through its Online and Mobile Banking platforms. The Bank offers commercial and small business banking, business loan programs, home loans, and a robust offering of consumer retail banking products, including checking, savings and youth accounts. Farmers & Merchants Bank is a California state-chartered bank with deposits insured by the Federal Deposit Insurance Corporation (Member FDIC) and an Equal Housing Lender. For more information about F&M, please visit the website, www.fmb.com.

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