Farmers & Merchants Bank of Long Beach Reports Third Quarter 2008 Results

LONG BEACH, Calif., Oct 29, 2008 (BUSINESS WIRE) -- Farmers & Merchants Bank of Long Beach (FMBL:FMBLNews, chart, profile, moreLast: Delayed quote dataAdd to portfolioAnalyst Create alertInsiderDiscussFinancials Sponsored by:, , ) today reported financial results for the third quarter and nine months ended September 30, 2008. "Farmers & Merchants Bank demonstrated solid performance during the third quarter despite the challenging economic environment," said Henry Walker, chief executive officer.

"We believe the over $340 million increase in customer deposits during the third quarter underscores our reputation as one of the strongest and safest banks serving Southern California's Los Angeles and Orange counties. At a time when customers are seeking stability in a banking partner, Farmers & Merchants Bank has a proven track record for more than a century." Income Statement For the 2008 third quarter, interest income was $45.4 million, compared with...
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