Farmers & Merchants Bancorp, Inc. Declares 2020 Second-Quarter Cash Dividend

Rhea-AI Summary

The Board of Directors of Farmers & Merchants Bancorp has approved a quarterly cash dividend of $0.16 per share, payable on July 20, 2020, to shareholders of record as of June 29, 2020. The company, which operates The Farmers & Merchants State Bank with assets of $1.7 billion, has been serving Northwest Ohio and Northeast Indiana since 1897. This announcement reflects the company's continued commitment to returning value to its shareholders amidst current economic conditions.

Positive

• Quarterly dividend of $0.16 per share signifies strong shareholder return.
• Company's assets stand at $1.7 billion, indicating financial stability.

Negative

• Risks from COVID-19 pandemic could impact credit quality and operations.
• Potential uncertainties in banking conditions and market competition.

ARCHBOLD, Ohio, June 16, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of The Farmers & Merchants State Bank, with assets of $1.7 billion at March 31, 2020, today announced that it has approved the Company’s quarterly cash dividend of $0.16 per share. The second quarter dividend is payable on July 20, 2020, to shareholders of record as of June 29, 2020. 

About Farmers & Merchants Bancorp, Inc.: 
Farmers & Merchants Bancorp, Inc. (“F&M”) (Nasdaq: FMAO), is the holding company for the Farmers & Merchants State Bank, a local independent community bank with $1.7 billion in assets that has been serving Northwest Ohio and Northeast Indiana since 1897. The Farmers & Merchants State Bank provides commercial banking, retail banking and other financial services through its 30 offices. Our locations are in Fulton, Defiance, Hancock, Henry, Lucas, Williams, and Wood counties in Northwest Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, and Steuben counties.

Safe harbor statement
Farmers & Merchants Bancorp, Inc. (“F&M”) wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions.  F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

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Company Contact:	Investor and Media Contact:
Lars B. Eller President and Chief Executive Officer Farmers & Merchants Bancorp, Inc. (419) 446-2501 leller@fm.bank	Andrew M. Berger Managing Director SM Berger & Company, Inc. (216) 464-6400 andrew@smberger.com

FAQ

What is the dividend amount announced by Farmers & Merchants Bancorp?

The announced dividend amount is $0.16 per share.

When is the dividend payable?

The dividend is payable on July 20, 2020.

What is the record date for the dividend?

The record date for the dividend is June 29, 2020.

What are the assets of Farmers & Merchants Bancorp?

Farmers & Merchants Bancorp has assets totaling $1.7 billion.

How long has Farmers & Merchants Bancorp been in operation?

Farmers & Merchants Bancorp has been serving since 1897.