Farmers & Merchants Bank of Long Beach Declares Second-Quarter Cash Dividend of $27 Per Share
LONG BEACH, Calif.--(BUSINESS WIRE)--May 20, 2019--
Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) today announced that its board of directors has declared a regular quarterly cash dividend of $27 per share. The quarterly dividend is payable on June 28, 2019 to shareholders of record as of June 14, 2019.
The declaration represents F&M’s 502nd 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 has 25 branches across Orange County, Long Beach, the South Bay and now in Santa Barbara. The Bank specializes in 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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CONTACT: John Hinrichs
Executive Vice President
562-437-0011, ext. 5035Evan Pondel
Corporate & Investor Relations
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Farmers & Merchants Bank of Long Beach
Copyright Business Wire 2019.
PUB: 05/20/2019 09:01 AM/DISC: 05/20/2019 09:01 AM