Richard H. Taketa Joins Board of Directors of Farmers & Merchants Bank of Long Beach
July 22 2024 - 8:05AM
Business Wire
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) today
announced that Richard H. Taketa has been elected to its board of
directors.
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Richard H. Taketa, a new board member of
Farmers & Merchants Bank of Long Beach (Photo: Business
Wire)
Taketa, 52, currently serves as President of Taketa Capital
Corporation, a private investment and consulting company based in
Newport Beach, Calif., that focuses on supporting high growth,
entrepreneurial companies and their leaders through active
investing and collaborative consulting and advising. His election
fills a vacancy on the Bank’s seven-person board.
Taketa previously was Chief Executive Officer and President of
York Risk Services Group, Inc., a provider of insurance, risk
management, alternative risk, pool administration and claims
management, based in Parsippany, New Jersey. He also served as
Chief Executive Officer of Southern California Risk Management
Associates, and he began his career as a corporate securities
lawyer with the global law firm DLA Piper.
“Rick Taketa is a respected community leader and a highly
experienced corporate advisor, with extensive expertise in finance
and operations, risk management and operating in regulated
markets,” said Daniel K. Walker, executive chairman of F&M’s
board. “We welcome him to the F&M family and look forward to
the guidance and influence he will bring to our organization in the
years ahead.”
In addition to his F&M board seat, Taketa serves as lead
independent director of Palomar Holdings, Inc., a La Jolla,
Calif.-based publicly traded provider of specialty insurance
products, and he is a director of Denver-based Veritone, Inc., also
publicly traded, which develops artificial intelligence solutions.
Active in the Orange County community, he also serves on the board
of directors of the Hoag Hospital Foundation.
Taketa earned a bachelor’s degree from Colgate University and
his Juris Doctor degree from Stanford Law School. He is a past
guest lecturer at the Stanford Graduate School of Business and was
a national finalist for the 2017 Ernst & Young’s Entrepreneur
of the Year in Financial Services division.
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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Kevin Tiber President 562-499-4829
Roger Pondel PondelWilkinson Inc. Investor Relations
310-279-5980 investor@pondel.com