ARCHBOLD, Ohio, Dec. 16, 2016 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (OTCQX:FMAO) the holding company of The Farmers & Merchants State Bank, with assets over one billion dollars at September 30, 2016, declared the 2016 fourth-quarter cash dividend of $0.23 per share. This dividend is payable on January 20, 2017 to shareholders of record as of December 27, 2016.
The 2016 fourth-quarter dividend represents a 4.5% increase over the dividend payment paid for the same period last year. Year-to-date, the Bank has paid out $0.91 per share compared with the same period last year of $0.87 per share.
About Farmer & Merchants State Bank:
Farmers & Merchants State Bank is a $1 billion independent community bank that has been serving Northwest Ohio and Northeast Indiana for 119 years. F&M has offices with locations in Fulton, Defiance, Henry, Lucas, Williams and Wood counties in Ohio and Allen, DeKalb and Steuben counties in Indiana. Farmers & Merchants Bancorp, Inc. is the bank holding company of the Farmers & Merchants State Bank and is traded on the OTCQX exchange under the symbol FMAO.
Company Contact: Marty Filogamo Senior Vice President – Marketing Manager Farmers & Merchants Bancorp, Inc. (419) 445-3501 ext. 15435 email@example.com. Investor and Media Contact: Andrew M. Berger Managing Director SM Berger & Company, Inc. (216) 464-6400 firstname.lastname@example.org
Source:Farmers & Merchants Bancorp Inc.