--Declaration Represents 500th
Dividend Payment to Shareholders Since 1916--
LONG BEACH, Calif.--(BUSINESS WIRE)--
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) today announced
that its board of directors has approved an increase of the Bank’s
regular quarterly cash dividend to $27 per share from $23 per share and
a special Christmas dividend of $25 per share on the Bank’s common stock.
“The increase in the dividend payment demonstrates Farmers & Merchants
Bank’s financial health, in addition to our commitment to enhance
shareholder value,” said Daniel Walker, chief executive officer and
chairman of the board. “F&M has paid a dividend for more than century,
and it is an honor to continue the tradition of a Christmas dividend
this holiday season.”
Both the quarterly and special dividends are payable on December 14,
2018 to shareholders of record as of November 30, 2018. The declaration
represents F&M’s 500th dividend payment, including special dividends.
F&M has paid a 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 25 branches across Orange County, Long Beach, the South Bay and now
in Santa Barbara. 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