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 quarterly cash dividend of $28 per share, payable on June 30, 2022, to shareholders on record as of June 15, 2022. This marks the bank's 517th dividend payment since its inception in 1916, highlighting its commitment to consistent shareholder returns. Notably, the value of the dividend has never decreased, reflecting the bank's financial stability and growth trajectory.

Positive

• Quarterly cash dividend of $28 per share reinforces financial strength.
• 517th dividend payment represents consistent shareholder returns since 1916.
• Dividend value has never decreased, indicating stability.

Negative

• None.

--Declaration Represents 517^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 30, 2022, to shareholders of record as of June 15, 2022.

The declaration represents F&M’s 517th 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 25 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/20220523005166/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 amount for FMBL in 2022?

The dividend amount for FMBL in 2022 is $28 per share.

When will the FMBL dividend be paid?

The FMBL dividend will be paid on June 30, 2022.

What is the record date for the FMBL dividend?

The record date for the FMBL dividend is June 15, 2022.

How many dividends has FMBL declared since 1916?

FMBL has declared a total of 517 dividends since 1916.

Has the dividend amount for FMBL ever decreased?

No, the value of FMBL's quarterly dividend has never decreased.