Firstbank Corporation Announces Cash Dividend on Series A Preferred Stock
January 29 2013 - 8:40AM
Thomas R. Sullivan, President and Chief Executive Officer of
Firstbank Corporation (Nasdaq:FBMI), announced today that the Board
of Directors declared the specified quarterly cash dividend at the
annual rate of 5% on its Series A Preferred Stock. The dividend
amounts to $12.50 per $1,000 liquidation value share and is to be
paid February 15, 2013, to Series A Preferred stockholders of
record as of January 31, 2013.
As previously announced, the Board will next consider a cash
dividend on common stock at its February, 2013, meeting for payment
in March of 2013.
Firstbank Corporation, headquartered in Alma, Michigan, is a
bank holding company using a community bank local decision-making
format with assets of $1.5 billion and 51 banking offices serving
Michigan's Lower Peninsula.
CONTACT: Samuel G. Stone
Executive Vice President and Chief Financial Officer
(989) 466-7325
Firstbank Corp. (MM) (NASDAQ:FBMI)
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