McDermott + Bull has placed Mark Olson as the Chief Financial Officer for Farmers & Merchants Bank. Mark will play an integral role in shaping the future of the bank and will be a visible strategic and operational leader, driving their financial success through organic growth, market expansion, and acquisition opportunities. He will manage a 23-member team overseeing all of finance, accounting, and investor relations, along with facilities. He will also chair ALCO.
Mark brings over 30 years of experience with an array of financial institutions, including regional banks, community banks, and specialty finance firms. Most recently, Mark served as the Chief Financial Officer for $3.5 billion Alta Bank where he played a critical role in the bank’s growth and ultimate sale to Glacier Bancorp in 2021. Prior to Alta, he held the Chief Financial Officer role with California Republic Bank, taking the bank through a sale to Mechanics, Heritage Oaks, and Pacific Capital Bank (Santa Barbara Bank & Trust) leading through its sale to Union Bank. Mark is a graduate of Utah State University with a bachelor’s degree in accounting.
Farmers & Merchants Bancorp, traded on the OTCQX under the symbol FMCB, is the parent company of Farmers & Merchants Bank of Central California, also known as F&M Bank. Founded in 1916, F&M Bank is a locally owned and operated community bank, which proudly serves California through 32 convenient locations. The bank offers a full complement of loan, deposit, equipment leasing, and treasury management products to businesses, as well as a full suite of consumer banking products. The FDIC awarded F&M Bank the highest possible rating of “Outstanding” in their 2019 CRA evaluation. Farmers & Merchants Bancorp has paid dividends for 86 consecutive years and have increased dividends for 56 consecutive years. As a result, they are a member of a select group of only 32 publicly traded companies referred to as “Dividend Kings.” Additionally, the Bank has maintained a 5-Star rating from BauerFinancial for 30 consecutive years, longer than any other commercial bank in the state of California.