Farmers & Merchants Bank Announces Construction of New Branch in Redondo Beach
August 29, 2017
Farmers & Merchants Bank (F&M), one of the strongest commercial and retail banks in California, announced construction of a state-of-the-art building for the banking community of Redondo Beach at 1333 S. Pacific Coast Highway.
The 9,000 square foot facility, two stories tall, will proudly serve the community of Redondo Beach just as F&M Bank has done throughout Southern California for over 110 years. “F&M’s unique and welcoming culture fits perfectly with the friendliness and community fabric of Redondo Beach. And we hope that our new building will become the gold standard of architecture, construction, service, access and comfort in the city of Redondo Beach for decades to come,” said Daniel Walker, Chairman of the Board and CEO of F&M Bank, and the great-grandson of founder C.J. Walker.
With nearly $7 Billion in assets and 24 branches throughout the South Bay, Los Angeles and Orange County, the vibrant and growing City of Redondo Beach was chosen by the bank as a perfect complement to F&M’s nearby Rolling Hills Estates and Torrance office locations.
“Since 1907 F&M Bank has been committed to investing in the communities in which we serve,” said Henry Walker, President of F&M and another great-grandson of F&M’s founder. Walker continued, “With F&M now being in the top 2% of all banks in the nation, we are proud to be bringing jobs and planting long-term roots in Redondo Beach with this new branch building, and we hope to be here for the next 100+ years. And with F&M decision makers located right in the branch, customers won’t need to wait for decisions from some far off east coast headquarters.”
Completion of the new facility is slated for 2018. In the meantime, the temporary F&M Bank location across the street at 1304 S. Pacific Coast Highway will service clients’ banking needs. For the F&M Bank Redondo Beach office address and contact information, please visit our Locations page.
About Farmers & Merchants Bank
Founded in Long Beach in 1907 by C.J. Walker, Farmers & Merchants Bank has nearly $7 Billion in assets, and 24 branches across Orange County, Long Beach and the South Bay. The Bank specializes in 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.