Farmers and Merchants Bank

FARMERS AND MERCHANTS BANCSHARES, INC. DECLARES CASH DIVIDEND OF $.33 PER SHARE

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Mardi, mai 21, 2024

FleetBoston Financial, Farmer, Farmers and Merchants Bank

HAMPSTEAD, Md., May 21, 2024 (GLOBE NEWSWIRE) -- On May 20, 2024, the Board of Directors of Farmers and Merchants Bancshares, Inc., the parent of Farmers and Merchants Bank, declared a cash dividend on the common stock of $.33 per share, which will be paid on June 21, 2024 to stockholders of record on June 3, 2024.

Key Points:

HAMPSTEAD, Md., May 21, 2024 (GLOBE NEWSWIRE) -- On May 20, 2024, the Board of Directors of Farmers and Merchants Bancshares, Inc., the parent of Farmers and Merchants Bank, declared a cash dividend on the common stock of $.33 per share, which will be paid on June 21, 2024 to stockholders of record on June 3, 2024.
The dividend represents a 4.1% annual yield on the current market value of $16.25 per share.
Please visit the investor relations section of our website, www.fmb1919.bank .
It includes press releases, financial information, stock information, peer analysis, and information about Farmers and Merchants Bancshares, Inc.’s officers and directors.

Farmers and Merchants Bancshares, Inc. Reports Earnings of $1,219,987 or $0.39 per Share for the Three Months Ended March 31, 2024

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Mardi, avril 23, 2024

Sale, Federal Reserve, Investment, AFS, Federal Home Loan Banks, FleetBoston Financial, Insurance, Farmer, Growth, Farmers and Merchants Bank, Environment, Tax, Bank, FDIC, FRB

The Company’s return on average equity during the three months ended March 31, 2024 was 9.40% compared to 15.49% for the same period in 2023.

Key Points:

The Company’s return on average equity during the three months ended March 31, 2024 was 9.40% compared to 15.49% for the same period in 2023.
The Company’s return on average assets during the three months ended March 31, 2024 was 0.61% compared to 1.05% for the same period in 2023.
In addition, average interest bearing liabilities increased by $83.7 million to $626.9 million for the three months ended March 31, 2024 from $543.2 million for the same period in 2023.
No provision was recorded for credit losses for the three months ended March 31, 2024.

Farmers and Merchants Bancshares, Inc. Reports Earnings of $6,418,337 or $2.08 Per Share for the Year Ended December 31, 2023

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Mercredi, janvier 31, 2024

SBA, Farmer, CECL, FDIC, Environment, AFS, Tax, FleetBoston Financial, Farmers and Merchants Bank, Investment, Federal Reserve, Sale, Insurance

The Company’s return on average equity during the year ended December 31, 2023 was 13.08% compared to 16.03% for the same period in 2022.

Key Points:

The Company’s return on average equity during the year ended December 31, 2023 was 13.08% compared to 16.03% for the same period in 2022.
The Company’s return on average assets during the year ended December 31, 2023 was 0.86% compared to 1.13% for the same period in 2022.
The Company’s return on average equity during the three months ended December 31, 2023 was 11.92% compared to 17.76% for the same period in 2022.
The Company’s return on average assets during the three months ended December 31, 2023 was 0.72% compared to 1.12% for the same period in 2022.

FARMERS AND MERCHANTS BANCSHARES, INC. DECLARES CASH DIVIDEND OF $.33 PER SHARE

Retrieved on:

Mardi, novembre 21, 2023

FleetBoston Financial, Bank, Farmer, Farmers and Merchants Bank

The $.33 per share dividend is the same as the most recent dividend paid in June 2023.

Key Points:

The $.33 per share dividend is the same as the most recent dividend paid in June 2023.
The combined 2023 dividend of $.66 per share represents a 3.8% yield on the current market value of $17.52 per share and represents a 4.8% increase over the $.63 per share dividend paid in 2022.
Farmers and Merchants Bancshares, Inc. is a financial holding company and the parent of Farmers and Merchants Bank.
Farmers and Merchants Bank was chartered in Maryland in 1919 and has over 100 years of service to the community.

CCEDA UNVEILS SURVEY INTO BANK SUPPORT FOR CALIFORNIA CDCS AND CDFIS

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Mercredi, novembre 29, 2023

LOS ANGELES, Nov. 27, 2023 /PRNewswire/ -- California Community Economic Development Association (CCEDA) in collaboration with Rise Economy, formerly known as the Community Reinvestment Coalition, has released the results of a survey aimed at illuminating the funding landscape for Community Development Corporations (CDCs) and Community Development Financial Institutions (CDFIs) across California. Conducted between August 2nd and September 21st, 2023, the survey reached out to over 100 CDCs and CDFIs, receiving 45 responses (40%).

Key Points:

Conducted between August 2nd and September 21st, 2023, the survey reached out to over 100 CDCs and CDFIs, receiving 45 responses (40%).
The top two banks cited by CDCs and CDFIs, especially BIPOC led CDFIs, were JP Morgan Chase and Wells Fargo Bank, while a large number of CDCs, more almost 40%, pointed to NO bank support.
"This report stands as an important instrument in encouraging bank backing for the invaluable efforts of CDCs and CDFIs in California," stated Roberto Barragan, Executive Director at CCEDA.
Fifty five banks were listed in the survey including JPMorgan Chase (including First Republic), Bank of America, Citibank, Wells Fargo Bank, US Bank (including Union Bank), PNC Bank, Goldman Sachs, Capital One, BMO (including Bank of the West), First Citizens Bank, Morgan Stanley, Ally Bank, HSBC, City National Bank, Comerica Bank, Western Alliance Bank, EastWest Bank, Umpqua Bank, Pacific Western Bank, First Bank, Cathay Bank, Pacific Premier Bank, Bank of Hope, Mechanics Bank, Banner Bank, First Foundation Bank, and Farmers and Merchants Bank (Long Beach).

Farmers and Merchants Bancshares, Inc. Reports Earnings of $5,003,107 or $1.63 Per Share for the Nine Months Ended September 30, 2023

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Mardi, octobre 24, 2023

Sale, FDIC, AFS, Bank, Tax, Federal Home Loan Banks, Federal Reserve, Farmer, Investment, Farmers and Merchants Bank, FleetBoston Financial, CECL, Borrowing base, SBA, Cryptocurrency, Life insurance

The Company’s return on average equity during the nine months ended September 30, 2023 was 13.45% compared to 15.53% for the same period in 2022.

Key Points:

The Company’s return on average equity during the nine months ended September 30, 2023 was 13.45% compared to 15.53% for the same period in 2022.
The Company’s return on average assets during the nine months ended September 30, 2023 was 0.91% compared to 1.14% for the same period in 2022.
The Company’s return on average equity during the three months ended September 30, 2023 was 11.54% compared to 15.85% for the same period in 2022.
The Company’s return on average assets during the three months ended September 30, 2023 was 0.77% compared to 1.10% for the same period in 2022.

Farmers & Merchants Bank of Long Beach Reports 2023 Third-Quarter Results

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Mercredi, octobre 18, 2023

Banking, Professional Services, Finance, Pressure, Safety, Bank, Farmers and Merchants Bank, Merchant, FleetBoston Financial, Cryptocurrency, Rare-earth element, Reinsurance, Farmer

Farmers & Merchants Bank of Long Beach (“F&M” or the “Bank”) (OTCQX: FMBL) today reported financial results for the third quarter and nine months ended September 30, 2023.

Key Points:

Farmers & Merchants Bank of Long Beach (“F&M” or the “Bank”) (OTCQX: FMBL) today reported financial results for the third quarter and nine months ended September 30, 2023.
Despite the difficult macro environment, our cost of deposits and cost of funds compare favorably to most regional bank peers.
At September 30, 2023, all of Farmers & Merchants Bank’s capital ratios exceeded regulatory capital requirements to meet the definition of a “well-capitalized” financial institution.
“The F&M brand continues to promote safety, soundness and unparalleled client service,” added Daniel Walker, Chairman and Chief Executive Officer of Farmers & Merchants Bank.

ROBERT (BOB) POLLOKOFF ACCEPTS POSITION ON FARMERS AND MERCHANTS BANCSHARES, INC. BOARD OF DIRECTORS

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Jeudi, août 31, 2023

FleetBoston Financial, Property manager, Housing, Farmer, OTC Markets Group, Farmers and Merchants Bank, Bucknell University, Loyola University, Habitat for Humanity, Master of Business Administration, Business administration, Maryland Route 30, Humanity, Bank, Charitable organization, Management, Security (finance)

HAMPSTEAD, Md., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Mr. Robert (Bob) Pollokoff has accepted a position on the Boards of Directors of Farmers and Merchants Bancshares, Inc. and its primary subsidiary, Farmers and Merchants Bank (the “Bank”).

Key Points:

HAMPSTEAD, Md., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Mr. Robert (Bob) Pollokoff has accepted a position on the Boards of Directors of Farmers and Merchants Bancshares, Inc. and its primary subsidiary, Farmers and Merchants Bank (the “Bank”).
Bob began with the company in 1984 serving as Property Manager, and was appointed President in 1998.
He will add great value to our board of directors, and the Company and Bank will benefit from his perspective and insight.
We are glad to welcome him to the Board of Directors.”
Farmers and Merchants Bancshares, Inc. is a financial holding company and the parent of the Bank.

EMILY BOLLINGER MILLER ACCEPTS POSITION ON FARMERS AND MERCHANTS BANCSHARES, INC. BOARD OF DIRECTORS

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Mardi, août 15, 2023

OTC Markets Group, Farmers and Merchants Bank, Maryland Route 30, Bank, Treasurer, FleetBoston Financial, Farmer, Security (finance)

, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Mrs. Emily Bollinger Miller has accepted a position on the Boards of Directors of Farmers and Merchants Bancshares, Inc. and its primary subsidiary, Farmers and Merchants Bank (the “Bank”).

Key Points:

, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Mrs. Emily Bollinger Miller has accepted a position on the Boards of Directors of Farmers and Merchants Bancshares, Inc. and its primary subsidiary, Farmers and Merchants Bank (the “Bank”).
Mrs. Miller is currently an owner/partner and the Secretary and Treasurer of Barnes-Bollinger Insurance Services, Inc. serving in various roles since 2008, most recently as a Risk Advisor.
She is very active in her local community, serving on many local boards and assisting with many community events.
Certain broker-dealers make a market in the common stock of Farmers and Merchants Bancshares, Inc., and trades are reported through the OTC Markets Group’s Pink Market under the symbol “FMFG”.

Los Angeles Celebrities and Philanthropists Raise Enough Funds to Provide the Equivalent of 1 Million Meals in Partnership with the Los Angeles Regional Food Bank

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Jeudi, août 17, 2023

LOS ANGELES, Aug. 17, 2023 /PRNewswire/ -- The Los Angeles Regional Food Bank hosted its 2nd Annual "A Million Reasons" Fundraising Event on the evening of Sunday, August 13, in a private home in the Hollywood Hills.

Key Points:

LOS ANGELES, Aug. 17, 2023 /PRNewswire/ -- The Los Angeles Regional Food Bank hosted its 2nd Annual "A Million Reasons" Fundraising Event on the evening of Sunday, August 13, in a private home in the Hollywood Hills.
Proceeds of the evening will provide more than 1,000,000 meals for those facing food insecurity in Los Angeles County.
Among the night's highlights was an exclusive performance by the legendary Gladys Knight - the iconic singer known as the "Empress of Soul."
"The funds raised will help to provide more than one million meals to people in LA County, bringing hope and nourishment to our community during these challenging times."