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 on November 7, 2022, payable on November 14, 2022. Founded in 1987, Fentura operates as a holding company for The State Bank, recognized among the Top 50 performing stocks on the OTCQX exchange. The State Bank provides a comprehensive range of banking services across 19 branches in Michigan's various counties.

Positive

• Regular dividend declaration of $0.09 per share, enhancing shareholder returns.
• Recognition as one of the Top 50 performing stocks on OTCQX.

Negative

• Forward-looking statements introduce risks and uncertainties that could impact future earnings growth.

FENTON, Mich., Oct. 28, 2022 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. (OTCQX: FETM) has announced a regular dividend of $0.09 per share for shareholders of record as of November 7, 2022, and payable November 14, 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)?

The dividend amount declared by Fentura Financial is $0.09 per share.

When is the dividend payment date for Fentura Financial (FETM)?

The dividend is payable on November 14, 2022.

What is the record date for Fentura Financial's dividend?

The record date for the dividend is November 7, 2022.

Why is Fentura Financial (FETM) considered a top-performing stock?

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

What services does The State Bank offer?

The State Bank offers commercial, retail, and trust banking services, including loans and wealth management.