Long Beach, California, 29 December 2025 – Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) has announced the appointment of Heather Carrillo to its board of directors, increasing the board’s membership to eight. Carrillo brings extensive experience in financial services, corporate strategy, and technology sectors, reinforcing the bank’s leadership team.
Carrillo currently serves as Senior Vice President of Bank Strategy Technology Services at Fidelity Investments, where she has spent 25 years honing expertise in corporate development, portfolio management, and strategic analysis across banking, technology, and transportation sectors. Her appointment is expected to strengthen the board’s oversight in technology-driven banking initiatives and strategic growth planning.
Prior to joining Fidelity, Carrillo built a robust career in investment banking and private equity. She has held roles as a research associate at Morgan Stanley, a private equity associate at Westbrook Partners, and an investment banking analyst at Alex. Brown & Sons, bringing nearly three decades of experience in investment and financial markets. Carrillo holds a Bachelor of Science degree from the Wharton School of the University of Pennsylvania and an MBA from Columbia Business School.
Founded in 1907, Farmers & Merchants Bank of Long Beach operates 27 branches along the California coastline, from San Clemente to Santa Barbara. The bank offers a comprehensive suite of services, including commercial and small business banking, business loan programmes, home mortgages, and consumer retail banking products, serving a broad spectrum of clients across Southern California.
In addition to Carrillo’s appointment, the bank recently declared a regular quarterly cash dividend of $28 per share on its common stock. The dividend is payable on 30 September 2025 to shareholders of record as of 15 September 2025, reflecting the bank’s commitment to consistent shareholder returns and confidence in its ongoing financial stability and future earnings.
Key Highlights of Farmers & Merchants Bank of Long Beach
| Category | Details |
|---|---|
| Founded | 1907 |
| Branch Network | 27 branches (San Clemente to Santa Barbara) |
| Services | Commercial & small business banking, home loans, consumer retail banking |
| Board Members | 8 (following Heather Carrillo’s appointment) |
| Recent Dividend | $28 per share, payable 30 September 2025 |
Heather Carrillo’s addition to the board is expected to bolster strategic decision-making, particularly in technology and corporate development, as Farmers & Merchants Bank of Long Beach continues to strengthen its presence in California’s competitive banking sector.