Firstbank Corporation Announces Third Quarter Cash Dividend
July 27 2004 - 9:34AM
PR Newswire (US)
Firstbank Corporation Announces Third Quarter Cash Dividend ALMA,
Mich., July 27 /PRNewswire-FirstCall/ -- Thomas R. Sullivan,
President and Chief Executive Officer of Firstbank Corporation
(NASDAQ:FBMI), announced today that a $0.21 per share quarterly
cash dividend will be paid September 16, 2004, to shareholders of
record as of August 27, 2004. The rate of $0.21 per share is
unchanged from the rate paid in June of 2004. Combined with the
impact of the 5% stock dividend paid on December 31, 2003, the cash
dividend to be paid on September 16, 2004, represents a 10.3%
increase in dividends per share compared to the year-ago level.
Firstbank Corporation, headquartered in Alma, Michigan is currently
a five bank financial services company with assets of $772 million
and 35 banking offices located in central and northeast Michigan.
Bank subsidiaries include: Firstbank - Alma; Firstbank (Mt.
Pleasant); Firstbank - West Branch; Firstbank - Lakeview; and
Firstbank - St. Johns. Other corporate affiliates include 1st
Armored, Inc.; 1st Title; Gladwin Land Company, Inc.; and C. A.
Hanes Realty, Inc. Investment services are available through
affiliations with CB Wealth Management, MML Investors Services,
Inc., and Raymond James Financial Services Inc. DATASOURCE:
Firstbank Corporation CONTACT: Samuel G. Stone, Executive Vice
President and Chief Financial Officer of Firstbank Corporation,
+1-989-466-7325 Web site: http://www.firstbank-corp.com/
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