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

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Farmers & Merchants Bank of Long Beach (FMBL) declares its 526th dividend payment of $28 per share, continuing its tradition of annual dividends since 1916.

--Declaration Represents 526^th Dividend Payment to Shareholders Since 1916--

LONG BEACH, Calif.--(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 526^th 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240220523080/en/

Kevin Tiber

President

562 499-4829



Roger Pondel

PondelWilkinson Inc.

Corporate & Investor Relations

310-279-5980

investor@pondel.com

Source: Farmers & Merchants Bank of Long Beach

What is the ticker symbol for Farmers & Merchants Bank of Long Beach?

The ticker symbol for Farmers & Merchants Bank of Long Beach is FMBL.

How much is the regular quarterly cash dividend declared by FMBL?

Farmers & Merchants Bank of Long Beach declared a regular quarterly cash dividend of $28 per share.

When is the quarterly dividend payable to shareholders?

The quarterly dividend declared by FMBL is payable on March 29, 2024.

How many dividend payments has FMBL made since 1916?

Farmers & Merchants Bank of Long Beach has made 526 dividend payments to shareholders since 1916.

Has the value of FMBL's quarterly dividend ever decreased?

The value of Farmers & Merchants Bank of Long Beach's quarterly dividend has never decreased.