Farmers & Merchants Bank of Long Beach Declares Fourth Quarter Cash Dividend of $27 Per Share; Also Declares Special Christmas Dividend of $15 Per Share

Rhea-AI Summary

Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) has announced a regular quarterly cash dividend of $27 per share, along with a special Christmas dividend of $15 per share. Both dividends are payable on December 15, 2021, to shareholders of record as of November 30, 2021. This marks the Bank's 514^th and 515^th dividend payments, demonstrating its commitment to continuous shareholder returns since 1916, with a consistent quarterly dividend value.

Positive

• Quarterly cash dividend of $27 per share declared.
• Special Christmas dividend of $15 per share announced.
• Dividends payable on December 15, 2021, enhancing shareholder value.
• Consistent dividend payments since 1916, indicating company stability.
• Quarterly dividend value has never decreased, reflecting strong financial health.

Negative

• None.

--Declarations Represent 514^th and 515^th Dividend Payments, Respectively, Paid 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 declared a regular quarterly cash dividend of $27 per share and a special Christmas dividend of $15 per share on the Bank’s common stock.

Both the quarterly and special dividend are payable on December 15, 2021 to shareholders of record as of November 30, 2021.

The declarations represent F&M’s 514^th and 515^th dividend payments, respectively, including special dividends. F&M has paid dividends 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 25 branches across Orange County, Long Beach, the South Bay and 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 consumer 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 Bank’s website, www.fmb.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211122005277/en/

John Hinrichs

Executive Vice President

562-437-0011, ext. 5035

Roger Pondel

PondelWilkinson Inc.

Investor Relations

310-279-5980

investor@pondel.com

Source: Farmers & Merchants Bank of Long Beach

FAQ

What is the dividend amount declared by FMBL?

Farmers & Merchants Bank of Long Beach declared a quarterly cash dividend of $27 per share and a special Christmas dividend of $15 per share.

When will the dividends for FMBL be paid?

The dividends will be paid on December 15, 2021, to shareholders of record as of November 30, 2021.

How many times has FMBL paid dividends?

FMBL has paid dividends 514 times since 1916, including special dividends.

What is the significance of FMBL's dividend history?

FMBL's dividend history shows a commitment to returning value to shareholders, with a consistent quarterly dividend that has never decreased.