Banking technology veteran to oversee firm-wide effort to advance technology systems,
support organizational growth
Online PR News – 16-December-2011 – – LONG BEACH, Calif., – Farmers & Merchants Bank (F&M) has named Ken Nagel chief information officer and senior vice president of information technology services. In this position, Nagel will lead a firm-wide initiative to advance the Bank’s information technology systems to support organizational growth and expansion.
“Farmers & Merchants Bank continues to experience widespread growth across both its business and consumer banking divisions,” said Henry Walker, F&M’s chief executive officer. “Ken Nagel’s breadth of expertise in the banking industry and experience managing enterprise-wide information systems for global corporations will play an integral role in delivering the technological infrastructure to support this growth.”
Nagel brings more than 20 years of experience managing and implementing information technology strategies for some of California’s largest and most influential organizations.
Nagel previously served as the senior vice president and integrated banking CIO with Union Bank, where he was responsible for advancing the adoption, governance and deployment of the organization’s technology portfolio. Nagel also served as chief architect for the bank’s $200 million banking technology transformation project, a consolidated technology platform that enhanced Union Bank’s customer service and supported organizational growth.
Nagel’s prior experience includes the development of technology applications for Southern California Edison, B&M Associates and Northrop Grumman. He also has experience as a flight deck troubleshooter on the USS Midway while serving in the United States Navy.
“F&M has built an unparalleled reputation as an organization of integrity, longevity and service,” said Nagel. “My technology team will leverage these strengths to advance the Bank’s growth and support its objective of providing unsurpassed customer service.”
The Yorba Linda resident holds an Executive MBA from Pepperdine University.
About Farmers & Merchants Bank
Founded in Long Beach in 1907 by C.J. Walker, Farmers & Merchants Bank has 21 branches in L.A. and Orange counties. The Bank specializes in commercial and small business banking along with business loan programs. Farmers & Merchants Bank of Long Beach 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 call the media contacts listed above or visit the website, www.fmb.com.