Level One Bancorp Announces Quarterly Common Stock Cash Dividend

Rhea-AI Summary

Level One Bancorp announced a quarterly cash dividend of $0.06 per share, payable on October 15, 2021, to shareholders of record on September 30, 2021. The company operates sixteen banking centers across Southeast and West Michigan and manages assets totaling approximately $2.51 billion as of June 30, 2021.

Positive

• Quarterly cash dividend of $0.06 per share boosts shareholder income.
• Strong asset base of approximately $2.51 billion indicates financial stability.

Negative

• None.

FARMINGTON HILLS, Mich., Sept. 15, 2021 (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 $0.06 per share payable on October 15, 2021, to shareholders of record on September 30, 2021.

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 $2.51 billion as of June 30, 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 announced by Level One Bancorp for 2021?

Level One Bancorp announced a dividend of $0.06 per share.

When is the dividend payment date for Level One Bancorp?

The dividend is payable on October 15, 2021.

Who is eligible to receive the dividend from Level One Bancorp?

Shareholders of record on September 30, 2021, are eligible to receive the dividend.

What is the current asset size of Level One Bancorp?

Level One Bancorp has assets of approximately $2.51 billion as of June 30, 2021.