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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Farmers & Merchants Bank of Long Beach Declares Third-Quarter Cash Dividend Payment of $28 Per Share

August 30, 2022 GMT

LONG BEACH, Calif.--(BUSINESS WIRE)--Aug 30, 2022--

Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) today announced that its board of directors has approved the Bank’s regular quarterly cash dividend of $28 per share on the Bank’s common stock.

The quarterly dividend is payable on September 30, 2022, to shareholders of record as of September 15, 2022.

The declaration represents F&M’s 518th 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 from San Clemente to 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 a robust offering of 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 website, www.fmb.com.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20220830005902/en/

CONTACT: John Hinrichs

Executive Vice President

562-437-0011, ext. 5035Roger Pondel

PondelWilkinson Inc.

Corporate & Investor Relations

310-279-5980

investor@pondel.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: SMALL BUSINESS BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Farmers & Merchants Bank of Long Beach

Copyright Business Wire 2022.

PUB: 08/30/2022 04:05 PM/DISC: 08/30/2022 04:06 PM

http://www.businesswire.com/news/home/20220830005902/en