Level One Bancorp Announces First Quarter Cash Dividend

Rhea-AI Summary

Level One Bancorp, Inc. (Nasdaq: LEVL) declared a quarterly cash dividend of $0.07 per share, payable on April 15, 2022, to shareholders on record as of March 31, 2022. The company, headquartered in Michigan, has approximately $2.52 billion in assets as of December 31, 2021, operating 16 banking centers across Southeast and West Michigan. The dividend reflects Level One's commitment to returning value to its shareholders while continuing its growth strategy in the competitive banking sector.

Positive

• Declared quarterly cash dividend of $0.07 per share, indicating shareholder returns.
• Company's total assets are approximately $2.52 billion, showcasing stability.
• Operating 16 banking centers enhances market presence in Michigan.

Negative

• None.

FARMINGTON HILLS, Mich., March 16, 2022 (GLOBE NEWSWIRE) -- Level One Bancorp, Inc. (“Level One”) (Nasdaq: LEVL) announced that the Board of Directors of Level One had declared a quarterly cash dividend on its common stock of $0.07 per share payable on April 15, 2022, to shareholders of record on March 31, 2022.

Level One Bancorp, Inc. is the holding company for Level One Bank, a full-service commercial and consumer bank headquartered in Michigan with assets of approximately $2.52 billion as of December 31, 2021. The Company operates sixteen banking centers throughout Southeast Michigan and West Michigan. For more information, visit www.levelonebank.com.

FAQ

What is the dividend amount declared by Level One Bancorp?

Level One Bancorp declared a quarterly cash dividend of $0.07 per share.

When will the dividend be paid to shareholders of Level One Bancorp?

The dividend will be payable on April 15, 2022.

What is the record date for the dividend payment from Level One Bancorp?

The record date for the dividend payment is March 31, 2022.

How many banking centers does Level One Bancorp operate?

Level One Bancorp operates 16 banking centers throughout Southeast and West Michigan.

What are the total assets of Level One Bancorp as of December 31, 2021?

As of December 31, 2021, Level One Bancorp reported total assets of approximately $2.52 billion.