Farmers & Merchants Bank of Long Beach Declares Third-Quarter Cash Dividend of $27 Per Share

Rhea-AI Summary

Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) has declared a quarterly cash dividend of $27 per share, payable on September 30, 2021, to shareholders of record as of September 15, 2021. This marks the 513th dividend payment by the bank, which has consistently paid dividends since 1916 without any decrease in value. F&M operates 25 branches in California and offers a range of banking services, ensuring reliable financial support to its customers.

Positive

• Quarterly cash dividend of $27 per share enhances shareholder income.
• Consistent dividend payments since 1916 demonstrate company reliability and confidence.
• The 513th dividend payment showcases long-term stability.

Negative

• None.

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 on the Bank’s common stock. The quarterly dividend is payable on September 30, 2021 to shareholders of record as of September 15, 2021.

The declaration represents F&M’s 513th 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 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/20210823005116/en/

FAQ

What is the amount of the dividend declared by Farmers & Merchants Bank of Long Beach?

The declared dividend amount is $27 per share.

When is the dividend for FMBL payable?

The dividend is payable on September 30, 2021.

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

The record date for the dividend payment is September 15, 2021.

How long has Farmers & Merchants Bank been paying dividends?

Farmers & Merchants Bank has paid dividends continuously since 1916.

How many dividend payments has FMBL made in total?

FMBL has made a total of 513 dividend payments.