Level One Bancorp Announces Third Quarter Cash Dividend

Rhea-AI Summary

Level One Bancorp, Inc. (Nasdaq: LEVL) declared a quarterly cash dividend of $0.05 per share, payable on October 15, 2020, to shareholders of record on September 30, 2020. The company, which operates as a full-service commercial and consumer bank, reported assets of approximately $2.51 billion as of June 30, 2020. Level One Bancorp serves Southeast and West Michigan through sixteen banking centers, contributing to its position within the local banking sector.

Positive

• Declared quarterly cash dividend of $0.05 per share.
• Company assets of approximately $2.51 billion as of June 30, 2020.
• Active presence with sixteen banking centers in Michigan.

Negative

• None.

News Market Reaction – LEVL

-0.43%

-0.43% Session move

In the trading session that priced this news, LEVL declined 0.43%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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FARMINGTON HILLS, Mich., Sept. 16, 2020 (GLOBE NEWSWIRE) -- Level One Bancorp, Inc. (“Level One”) (Nasdaq: LEVL) announced that the Board of Directors of Level One had declared a quarterly cash dividend on its common stock of $0.05 per share payable on October 15, 2020, to shareholders of record on September 30, 2020.

Level One Bancorp, Inc. is the holding company for Level One Bank, a full-service commercial and consumer bank headquartered in Michigan with assets of approximately $2.51 billion as of June 30, 2020. The Company operates sixteen banking centers throughout Southeast Michigan and West Michigan.  For more information, visit www.levelonebank.com.

FAQ

What is the dividend amount declared by Level One Bancorp?

Level One Bancorp declared a quarterly cash dividend of $0.05 per share.

When is the dividend payable for Level One Bancorp?

The dividend is payable on October 15, 2020.

What is the record date for Level One Bancorp's dividend?

The record date for the dividend is September 30, 2020.

What are the total assets of Level One Bancorp as of June 30, 2020?

As of June 30, 2020, Level One Bancorp reported assets of approximately $2.51 billion.