Farmers & Merchants Bank of Long Beach Declares First-Quarter Cash Dividend Payment of $28 Per Share
--Declaration Represents 526th Dividend Payment to Shareholders Since 1916--
LONG BEACH, Calif., February 20, 2024--(BUSINESS WIRE)--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 March 29, 2024, to shareholders of record as of March 15, 2024.
The declaration represents F&M’s 526th 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 27 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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Kevin Tiber
President
562 499-4829
Roger Pondel
PondelWilkinson Inc.
Corporate & Investor Relations
310-279-5980
investor@pondel.com
