FARMINGTON, Conn., March 01, 2017 (GLOBE NEWSWIRE) -- First Connecticut Bancorp, Inc. (NASDAQ:FBNK) announced that its Board of Directors has voted to increase its quarterly dividend to $0.11 per share, an increase of $0.02. In making this announcement, John J. Patrick, Jr., Chairman, President, & CEO said, “Having just completed a successful year in 2016 earning $1.00 per share, the Board of Directors decided it was prudent to raise the quarterly dividend $0.02 to $0.11 per share. This dividend represents the 22nd consecutive dividend paid to shareholders.” Dividends will be payable on March 20, 2017 to all shareholders of record as of March 10, 2017.
It also announced that its Board of Directors has scheduled the corporation’s annual meeting of stockholders for 10:00 a.m. EDT, May 10, 2017 at Central Connecticut State University in the Constitution Room located in Memorial Hall, 1615 Stanley Street, New Britain, Connecticut.
The record date for stockholders to vote at the meeting is March 17, 2017.
First Connecticut Bancorp, Inc. is the holding company for Farmington Bank, a full-service community bank with 24 branch locations throughout central Connecticut and western Massachusetts, offering commercial and residential lending as well as wealth management services. Established in 1851, Farmington Bank is a diversified consumer and commercial bank with an ongoing commitment to contribute to the betterment of the communities in our region. Farmington Bank has assets of $2.8 billion. For more information about Farmington Bank, visit farmingtonbankct.com.
The First Connecticut Bancorp, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11128
Forward Looking Statements
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Source:First Connecticut Bancorp, Inc.