ALMA, Mich., Jan. 25, 2011 (GLOBE NEWSWIRE) -- Thomas R. Sullivan, President and Chief Executive Officer of Firstbank Corporation (Nasdaq:FBMI), announced today that a $0.01 per share cash dividend will be paid March 17, 2011, to common stock shareholders of record as of February 25, 2011. The $0.01 per share cash dividend is unchanged from the amount paid in the prior quarter.
Firstbank Corporation, headquartered in Alma, Michigan, is a bank holding company using a multi-bank-charter format with assets of $1.5 billion and 51 banking offices serving Michigan's Lower Peninsula. Bank subsidiaries include: Firstbank – Alma; Firstbank (Mt. Pleasant); Firstbank – West Branch; Firstbank – St. Johns; Keystone Community Bank; and Firstbank – West Michigan.
CONTACT: Samuel G. Stone Executive Vice President and Chief Financial Officer (989) 466-7325