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

Rhea-AI Summary

Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) has announced a regular quarterly cash dividend of $28 per share, payable on June 28, 2024, to shareholders of record as of June 14, 2024. This marks the 527th consecutive dividend payment since 1916, maintaining a consistent dividend value. Founded in 1907, the Bank provides commercial and small business banking, business loan programs, home loans, and consumer retail banking products through 27 branches and online platforms. Farmers & Merchants Bank is a California state-chartered bank with FDIC insurance and is an Equal Housing Lender. For more details, visit www.fmb.com.

Positive

• Regular quarterly cash dividend of $28 per share approved.
• 527th consecutive dividend payment since 1916.
• Dividend value has never decreased.
• Strong historical dividend track record indicates financial stability.
• Provides diverse banking services, including commercial, small business, and consumer banking.

Negative

• No mention of recent financial performance or growth metrics.
• Dividend announcement lacks context on earnings or profitability.
• Potential risks not addressed, such as economic downturn impacts.

--Declaration Represents 527^th 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 June 28, 2024, to shareholders of record as of June 14, 2024.

The declaration represents F&M’s 527^th 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 27 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/20240520137167/en/

Kevin Tiber

President

562 499-4829



Roger Pondel

PondelWilkinson Inc.

Corporate & Investor Relations

310-279-5980

investor@pondel.com

Source: Farmers & Merchants Bank of Long Beach

FAQ

When will FMBL pay the second-quarter cash dividend?

Farmers & Merchants Bank of Long Beach will pay the second-quarter cash dividend on June 28, 2024.

What is the amount of FMBL's quarterly dividend?

The quarterly cash dividend approved by Farmers & Merchants Bank of Long Beach is $28 per share.

What is the record date for FMBL's dividend payment?

The record date for the dividend payment is June 14, 2024.

How many consecutive dividends has FMBL paid?

Farmers & Merchants Bank of Long Beach has paid 527 consecutive dividends since 1916.

What services does Farmers & Merchants Bank of Long Beach offer?

Farmers & Merchants Bank of Long Beach offers commercial and small business banking, business loan programs, home loans, and a variety of consumer retail banking products.