Firstbank Corporation Announces Cash Dividend on Common Stock
April 23 2012 - 4:10PM
Thomas R. Sullivan, President and Chief Executive Officer of
Firstbank Corporation (Nasdaq:FBMI), announced today that a $0.01
per share cash dividend will be paid June 14, 2012, to common stock
shareholders of record as of May 25, 2012. The $0.01 per share cash
dividend is a quarterly amount which is unchanged from the
quarterly amount paid in the prior quarter. However, the cash
dividend paid in March, 2012, also included an additional $0.05 per
share, which represented an additional amount based on earnings for
the entire year of 2011. As stated at the time of announcement of
the prior quarter dividend, we intend to maintain a dividend rate
for the remaining quarters of 2012 of $0.01 per share per quarter,
with an additional amount to be considered following the completion
of the year.
Firstbank Corporation, headquartered in Alma, Michigan, is a
bank holding company using a community bank local decision-making,
multi-bank-charter, format with assets of $1.5 billion and 52
banking offices serving Michigan's Lower Peninsula. Bank
subsidiaries include: Firstbank – Alma; Firstbank (Mt. Pleasant);
Firstbank – West Branch; Keystone Community Bank; and Firstbank –
West Michigan.
This press release contains forward-looking statements that
involve risks and uncertainties, for example statements concerning
future dividends. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the
date of this press release.
CONTACT: Samuel G. Stone
Executive Vice President and
Chief Financial Officer
(989) 466-7325
Firstbank Corp. (MM) (NASDAQ:FBMI)
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