Firstbank Corporation Announces Cash Dividend On Series A Preferred Stock

ALMA, Mich., Oct. 23, 2012 (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 the $17 million of Series A Preferred Stock that remains outstanding after the Treasury's auction to private investors. The dividend amounts to $12.50 per $1,000 liquidation value share and is to be paid November 15, 2012, to Series A Preferred stockholders of record as of October 31, 2012.

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 51 banking offices serving Michigan's Lower Peninsula. Bank subsidiaries include: Firstbank – Alma; Firstbank (Mt. Pleasant); Firstbank – West Branch; Keystone Community Bank; and Firstbank – West Michigan.
CONTACT: Samuel G. Stone         Executive Vice President and Chief Financial Officer         (989) 466-7325

If you liked this article you might like

Firstbank Corp Michigan Stock Upgraded (FBMI)

Firstbank Corp Michigan Stock Upgraded (FBMI)

Firstbank Corp Michigan Stock Downgraded (FBMI)

Firstbank Corp Michigan Stock Downgraded (FBMI)