Farmers & Merchants Bank of Long Beach Declares First-Quarter Cash Dividend Payment of $28 Per Share

Rhea-AI Summary

Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) has declared a $28 cash dividend per share, marking its 521st dividend payment since 1916. This quarterly dividend will be payable on March 31, 2023, to shareholders of record as of March 15, 2023. F&M has maintained a consistent dividend payment history, never decreasing its quarterly dividend value during its century-long commitment to shareholders. The bank, founded in 1907, provides a range of banking services across California and is recognized for its robust service offerings and stability.

Positive

• Declared $28 cash dividend per share.
• 521st dividend payment; consistent dividend history since 1916.
• Dividend has never decreased, showcasing financial stability.

Negative

• None.

--Declaration Represents 521^st Dividend Payment to Shareholders Since 1916--

LONG BEACH, Calif.--(BUSINESS WIRE)-- Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) today announced that its board of directors has approved the Bank’s regular quarterly cash dividend of $28 per share on the Bank’s common stock.

The quarterly dividend is payable on March 31, 2023, to shareholders of record as of March 15, 2023.

The declaration represents F&M’s 521st dividend payment. F&M has paid a dividend each year to shareholders since 1916, and the value of F&M’s quarterly dividend has never decreased.

About Farmers & Merchants Bank of Long Beach

Founded in Long Beach in 1907 by C.J. Walker, Farmers & Merchants Bank provides white-glove service to clients at 26 branches from San Clemente to Santa Barbara, as well as through its Online and Mobile Banking platforms. The Bank offers 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230221005122/en/

John Hinrichs

Executive Vice President

562-437-0011, ext. 5035

Roger Pondel

PondelWilkinson Inc.

Corporate & Investor Relations

310-279-5980

investor@pondel.com

Source: Farmers & Merchants Bank of Long Beach

FAQ

What is the dividend payment amount for FMBL?

The dividend payment amount for FMBL is $28 per share.

When will the FMBL dividend be paid?

The FMBL dividend will be paid on March 31, 2023.

What is the record date for the FMBL dividend?

The record date for the FMBL dividend is March 15, 2023.

How long has FMBL been paying dividends?

FMBL has been paying dividends to its shareholders since 1916.

Has FMBL ever decreased its dividend?

No, FMBL has never decreased its quarterly dividend value.