Farmers & Merchants Bank announces tender offer for up to $107.5 million of stock

By Lisa Kerner

Charlotte, N.C., March 5 - Farmers & Merchants Bank of Long Beach began a tender offer to purchase up to 14,720 shares of its common stock for $7,300 cash per share.

The offer is slated to end at midnight ET on April 1, according to a company news release.

Farmers & Merchants' board of directors is not making any recommendations to shareholders whether to tender or not tender their shares.

MacKenzie Partners, Inc. is the information agent (800 322-2885), while the Colbent Corp. will be the depositary for the offer.

Farmers & Merchants Bank, based in Long Beach, Calif., has 22 branches in Los Angeles and Orange counties.

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