Level One Bancorp Announces Quarterly Preferred Stock Cash Dividend

Rhea-AI Summary

Level One Bancorp, Inc. (Nasdaq: LEVL) announced a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Preferred Stock, Series B. Shareholders holding depositary shares will receive $0.4688 per depositary share. This dividend is payable on August 15, 2021, to shareholders of record as of the close of business on July 31, 2021. The company, with assets of approximately $2.57 billion, operates sixteen banking centers throughout Southeast Michigan and West Michigan.

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• Quarterly cash dividend of $46.88 per share announced.
• Company's asset base reported at approximately $2.57 billion.

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• None.

FARMINGTON HILLS, Mich., July 21, 2021 (GLOBE NEWSWIRE) -- Level One Bancorp, Inc. (“Level One”) (Nasdaq: LEVL) announced that the Board of Directors of Level One declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Preferred Stock, Series B, represented by depositary shares (Nasdaq: LEVLP) each representing a 1/100th interest in a share of the Series B preferred stock. Holders of depositary shares will receive $0.4688 per depositary share. The dividend is payable on August 15, 2021, to shareholders of record at the close of business on July 31, 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 $2.57 billion as of March 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 for Level One Bancorp (LEVL)?

Level One Bancorp (LEVL) declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Preferred Stock, Series B.

When is the dividend payable for Level One Bancorp (LEVL)?

The dividend is payable on August 15, 2021.

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

The record date for the dividend payment is July 31, 2021.

What assets does Level One Bancorp (LEVL) hold?

Level One Bancorp has assets of approximately $2.57 billion as of March 31, 2021.