LONG BEACH, Calif.--(BUSINESS WIRE)--
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) today announced
that its board of directors has declared a regular quarterly cash
dividend of $22 per share and a special dividend of $31 per share on the
Bank’s common stock.
This year’s special dividend is an increase of $5 per share when
compared with last year’s special dividend. Both the quarterly and
special dividends are payable on December 15, 2015 to shareholders of
record as of December 1, 2015.
The declaration represents F&M’s 485th dividend payment, including
special dividends. F&M has paid an equal or greater dividend each year
to shareholders since 1916.
About Farmers & Merchants Bank of Long Beach
Founded in Long Beach in 1907 by C.J. Walker, Farmers & Merchants Bank
has 24 branches across Orange County, Long Beach and the South Bay. The
Bank specializes in 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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Farmers & Merchants Bank of Long Beach
John Hinrichs,
562-437-0011, ext. 5035
Executive Vice President
or
PondelWilkinson
Inc.
Evan Pondel, 310-279-5980
Corporate & Investor Relations
investor@pondel.com
Source: Farmers & Merchants Bank of Long Beach