LONG BEACH, Calif.--(BUSINESS WIRE)--
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) today announced
that its board of directors has authorized an increase in its quarterly
cash dividend to $23 per share from $22 per share on the Bank’s common
stock. The quarterly dividend is payable on March 31, 2016 to
shareholders of record as of March 15, 2016.
“The Board’s positive action reflects the Bank’s solid financial
strength and commitment to enhancing shareholder value,” said Daniel
Walker, chief executive officer and chairman of the board of Farmers &
Merchants Bank.
The declaration represents F&M’s 486th 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