Farmers & Merchants Bank of Long Beach Declares Fourth Quarter Cash Dividend of $28 Per Share; Also Declares Special Christmas Dividend of $15 Per Share

Rhea-AI Summary

Farmers & Merchants Bank of Long Beach (FMBL) declares a regular quarterly cash dividend of $28 per share and a special Christmas dividend of $15 per share. Both dividends are payable on December 15, 2023, to shareholders of record as of November 30, 2023. This marks the 524th and 525th dividend payments, including special dividends, since 1916, demonstrating F&M's commitment to rewarding shareholders consistently.

--Declarations Represent 524^th and 525^th Dividend Payments, Respectively, Paid 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 declared a regular quarterly cash dividend of $28 per share and a special Christmas dividend of $15 per share on the Bank’s common stock.

Both the quarterly and special dividend are payable on December 15, 2023 to shareholders of record as of November 30, 2023.

The declarations represent F&M’s 524^th and 525^th dividend payments, respectively, including special dividends. F&M has paid dividends 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 26 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/20231120182800/en/

John Hinrichs

Executive Vice President

562-437-0011, ext. 5035

Roger Pondel

PondelWilkinson Inc.

Investor Relations

310-279-5980

investor@pondel.com

Source: Farmers & Merchants Bank of Long Beach

What dividends has Farmers & Merchants Bank of Long Beach declared?

Farmers & Merchants Bank of Long Beach has declared a regular quarterly cash dividend of $28 per share and a special Christmas dividend of $15 per share.

When are the dividends payable?

Both dividends are payable on December 15, 2023, to shareholders of record as of November 30, 2023.

How many dividend payments have been made by F&M since 1916?

The recent declarations mark the 524th and 525th dividend payments, including special dividends, made by F&M since 1916.

What is the history of dividend payments by F&M?

F&M has paid dividends each year to shareholders since 1916, and the value of F&M’s quarterly dividend has never decreased.