Business
Farmers & Merchants Bancorp, Inc. Declares 2022 Second-Quarter Cash Dividend
$0.0125 Special Dividend Declared to Honor F&M’s 125th Anniversary ARCHBOLD, Ohio, June 28, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers &
About this update from Farmers & Merchants Bancorp, Inc.
[{"type":"text","content":"$0.0125 Special Dividend Declared to Honor F&M’s 125th Anniversary\nARCHBOLD, Ohio, June 28, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of The Farmers & Merchants State Bank, with assets of $2.69 billion at March 31, 2022, today announced that it has approved the Company’s regular quarterly cash dividend of $0.19 per share. In addition, the Board declared a special one-time cash dividend of $0.0125 to honor F&M’s 125th anniversary. The second quarter dividend and special one-time cash dividend are payable on July 20, 2022, to shareholders of record as of July 8, 2022. Lars B. Eller, President and Chief Executive Officer, stated, “For 125 years we have focused on generating strong financial and operating performance by providing individualized and superior banking services to our local communities. The Board’s decision to return additional capital to shareholders through a $0.0125 one-time special cash dividend is a wonderful way to honor our 125th anniversary and further expands our longstanding track record of dividend increases. The combined cash dividend of $0.2025 represents a 19.1% year-over-year increase in our second quarter dividend payment. As our scale and profitability continues to grow, we remain committed to returning additional capital to our shareholders.” About Farmers & Merchants Bancorp, IncThe Farmers & Merchants State Bank is a local independent community bank that has been serving Northwest Ohio and Northeast Indiana since 1897. The Farmers & Merchants State Bank provides commercial banking, retail banking and other financial services. Our locations are in Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Williams, and Wood counties in Western Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties, and we have a Loan Production Office in West Bloomfield, Michigan, Muncie, Indiana, and Oxford, 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...