Firstbank Corporation Announces Cash Dividend on Series A Preferred Stock
ALMA, Mich., April 22, 2013 (GLOBE NEWSWIRE) -- Thomas R. Sullivan, President
and Chief Executive Officer of Firstbank Corporation (Nasdaq:FBMI), announced
today that the Board of Directors declared the specified quarterly cash
dividend at the annual rate of 5% on its Series A Preferred Stock. The
dividend amounts to $12.50 per $1,000 liquidation value share and is to be
paid May 15, 2013, to Series A Preferred stockholders of record as of April
The Board will next consider a cash dividend on common stock at its May, 2013,
meeting for payment in June of 2013.
Firstbank Corporation, headquartered in Alma, Michigan, is a bank holding
company using a community bank local decision-making format with assets of
$1.5 billion and 46 banking offices serving Michigan's Lower Peninsula.
CONTACT: Samuel G. Stone
Executive Vice President and
Chief Financial Officer
Press spacebar to pause and continue. Press esc to stop.