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

Rhea-AI Summary

Farmers & Merchants Bank of Long Beach (OTC-PINK: FMBL) has approved a quarterly cash dividend of $28 per share, payable on September 30, 2022, to shareholders on record as of September 15, 2022. This announcement marks the 518th dividend payment since the bank's establishment, with a continuous payment history dating back to 1916. The bank has maintained its quarterly dividend at the same level without any reductions, highlighting its financial stability and commitment to shareholder return.

Positive

• Quarterly dividend of $28 per share enhances income for shareholders.
• 518th consecutive dividend payment demonstrates long-term financial stability.
• No history of dividend reduction since 1916 indicates company confidence.

Negative

• None.

--Declaration Represents 518^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 September 30, 2022, to shareholders of record as of September 15, 2022.

The declaration represents F&M’s 518th 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/20220830005902/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 declared by Farmers & Merchants Bank of Long Beach?

The declared dividend amount is $28 per share.

When is the dividend for FMBL payable?

The dividend is payable on September 30, 2022.

What is the record date for the dividend payment of FMBL?

The record date for the dividend payment is September 15, 2022.

How many dividend payments has Farmers & Merchants Bank made?

Farmers & Merchants Bank has made 518 dividend payments since its inception.

Has Farmers & Merchants Bank ever reduced its dividend?

No, the bank has never reduced its quarterly dividend since 1916.