Fentura Financial, Inc. Announces Quarterly Dividend

Rhea-AI Summary

Fentura Financial, Inc. (OTCQX: FETM) has declared a regular dividend of $0.09 per share for shareholders of record as of May 9, 2022, with payment scheduled for May 16, 2022. This reflects the company's commitment to returning value to investors.

Fentura Financial operates The State Bank, a 5-Star Bauer Financial rated bank with 19 branches across Michigan, providing a range of financial services including commercial and retail banking.

Positive

• Dividend of $0.09 per share demonstrates commitment to shareholder returns.
• Recognized among the Top 50 performing stocks on the OTCQX exchange.

Negative

• Potential risks from forward-looking statements regarding growth in earnings and net income due to market conditions.

FENTON, Mich., April 29, 2022 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. (OTCQX: FETM) has announced a regular dividend of $0.09 per share for shareholders of record as of May 9, 2022, and payable May 16, 2022.

About Fentura Financial, Inc. and The State Bank

Fentura Financial, Inc. is the holding company for The State Bank. It was formed in 1987 and is traded on the OTCQX exchange under the symbol FETM, and has been recognized as one of the Top 50 performing stocks on that exchange.

The State Bank is a full-service, 5-Star Bauer Financial rated commercial, retail and trust bank headquartered in Fenton, Michigan. It currently operates 19 full-service branches in Genesee, Ingham, Jackson, Livingston, Oakland, Saginaw, and Shiawassee Counties. The State Bank’s commercial department provides a complete array of products including lines of credit, term loans, commercial mortgages, SBA loans and a full-suite of cash management products. The retail department offers personal checking, savings, time and IRA deposit accounts and a wide array of loan products including home equity, auto and personal loans. The residential loan department offers construction, purchase and refinance residential mortgage loans. The wealth management department offers a full-service suite of trust and portfolio management services. More information can be found at www.thestatebank.com or www.fentura.com.

Cautionary Statement: This press release contains certain forward-looking statements that involve risks and uncertainties. Forward-looking statements include, but are not limited to, statements concerning future growth in earning assets and net income. Such statements are subject to certain risks and uncertainties which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, economic, competitive, governmental and technological factors affecting the Company's operations, markets, products, services, interest rates and fees for services. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Contacts:		Ronald L. Justice President & CEO Fentura Financial, Inc. 810.714.3902 ron.justice@thestatebank.com		Aaron D. Wirsing Chief Financial Officer Fentura Financial, Inc. 810.714.3925 aaron.wirsing@thestatebank.com

FAQ

What is the dividend amount for Fentura Financial (FETM) in 2022?

Fentura Financial has announced a dividend of $0.09 per share.

When is the dividend payable for FETM?

The dividend for Fentura Financial is payable on May 16, 2022.

Who is eligible for the FETM dividend?

Shareholders of record as of May 9, 2022, are eligible for the dividend.

How does Fentura Financial's performance compare on the OTCQX exchange?

Fentura Financial is recognized as one of the Top 50 performing stocks on the OTCQX exchange.

What are the potential risks facing Fentura Financial?

Risks include economic, competitive, governmental, and technological factors impacting future earnings.