farmers & merchants banco/ca (FMCB) Key Developments
Farmers & Merchants Bancorp Announces Earnings Results for the Year Ended December 31, 2014
Feb 6 15
Farmers & Merchants Bancorp announced earnings results for the year ended December 31, 2014. The company earned record net income of $25.4 million for the year-ended December 31, 2014, an increase of $1.3 million, or 5.6%, over the prior year. Basic earnings per common share were $32.64, return on average assets was 1.17% and return on average equity was 11.43%. Net interest income increased 6.9% to $78.7 million in 2014.
Farmers & Merchants Bancorp Declares Fourth Quarter Dividend Payable on January 20, 2015
Dec 19 14
The Board of Directors of Farmers &Merchants Bancorp Inc. declared a fourth quarter dividend of twenty-one cents ($0.21) per share. The fourth quarter dividend is payable on January 20, 2015 to shareholders of record date as of December 31, 2014.
Farmers & Merchants Bancorp Declares Year-End Cash Dividend, Payable on January 2, 2015
Nov 25 14
The Board of Directors of Farmers & Merchants Bancorp declared a year-end cash dividend of $6.40 per share, an increase over the $6.30 per share declared in December of 2013. The cash dividend will be paid on January 2, 2015, to shareholders of record on December 5, 2014.
Farmers & Merchants Bancorp Deleted From OTCBB
Jul 18 14
Farmers & Merchants Bancorp’s common stock has been deleted from OTC Bulletin Board (OTCBB) effective July 18, 2014 on account of its ineligibility for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11.
Farmers & Merchants Bancorp and Farmers & Merchants Bank of Central California Elects Gary J. Long as Director
Jul 14 14
Effective July 9, 2014 the board of directors of Farmers & Merchants Bancorp elected Gary J. Long as a Director. Mr. Long will stand for re-election at the company’s 2015 stockholders meeting in May. Mr. Long was also elected a Director of Farmers & Merchants Bank of Central California, the company’s primary subsidiary. Mr. Long, is President of Gary J. Long Jewelers and is very active in civic and community organizations, including the American Heart Association, American Cancer Society, Rotary Club, March of Dimes, Stockton Symphony, and currently serves as the President of the Greater Stockton Chamber of Commerce.