Farmers & Merchants Bank of Long Beach Declares Fourth Quarter Cash Dividend of $27 Per Share, Declares Special Christmas Dividend of $15 Per Share
LONG BEACH, Calif.--(BUSINESS WIRE)--Nov 20, 2019--
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) today announced that its board of directors has declared regular quarterly cash dividend of $27 per share and a special Christmas dividend of $15 per share on the Bank’s common stock.
Both the quarterly and special dividends are payable on December 13, 2019 to shareholders of record as of November 29, 2019. The declaration represents F&M’s 505th dividend payment, including special dividends. 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 robust Online and Mobile Banking platforms. The Bank offers commercial and small business banking, business loan programs, home loans, and 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 Bank’s website, www.fmb.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191120005825/en/
CONTACT: John Hinrichs
Executive Vice President
562-437-0011, ext. 5035Roger Pondel
Corporate & Investor Relations
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE
SOURCE: Farmers & Merchants Bank of Long Beach
Copyright Business Wire 2019.
PUB: 11/20/2019 04:05 PM/DISC: 11/20/2019 04:05 PM