Farmers & Merchants Bancorp, Inc. Declares 2023 Second-Quarter Cash Dividend
June 27 2023 - 4:05PM
The Board of Directors of Farmers & Merchants Bancorp, Inc.,
(Nasdaq: FMAO) the holding company of F&M Bank, with assets of
$3.07 billion at March 31, 2023, today announced that it has
approved the Company’s regular quarterly cash dividend of $0.21 per
share, which is a 10.5% increase over the 2022 second-quarter
regular cash dividend. The second quarter dividend is payable on
July 20, 2023, to shareholders of record as of July 7,
2023.
About Farmers & Merchants Bancorp,
Inc F&M Bank is a local independent
community bank that has been serving its communities since 1897.
F&M Bank provides commercial banking, retail banking and other
financial services. Our locations are in Butler, Champaign, Fulton,
Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood
counties in Ohio. In Northeast Indiana, we have offices located in
Adams, Allen, DeKalb, Jay, Steuben and Wells counties, and we have
Loan Production Offices in West Bloomfield, Michigan; Muncie,
Indiana; and Bryan, Ohio.
Safe Harbor StatementFarmers
& Merchants Bancorp, Inc. (“F&M”) wishes to take advantage
of the Safe Harbor provisions included in the Private Securities
Litigation Reform Act of 1995. Statements by F&M, including
management’s expectations and comments, may not be based on
historical facts and are “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21B of the Securities Exchange Act of 1934, as amended.
Actual results could vary materially depending on risks and
uncertainties inherent in general and local banking conditions,
competitive factors specific to markets in which F&M and its
subsidiaries operate, future interest rate levels, legislative and
regulatory decisions, capital market conditions, or the effects of
the COVID-19 pandemic, and its impacts on our credit quality and
business operations, as well as its impact on general economic and
financial market conditions. F&M assumes no responsibility to
update this information. For more details, please refer to
F&M’s SEC filing, including its most recent Annual Report on
Form 10-K and quarterly reports on Form 10-Q. Such filings can be
viewed at the SEC’s website, www.sec.gov or through F&M’s
website www.fm.bank.
Company Contact: |
Investor and Media Contact: |
Lars B. EllerPresident and Chief
Executive Officer Farmers & Merchants Bancorp, Inc.(419)
446-2501 leller@fm.bank |
Andrew M. BergerManaging
DirectorSM Berger & Company, Inc. (216)
464-6400andrew@smberger.com |
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