Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - FIRSTBANK CORP | firstbank_8k-012913.htm |
Exhibit 99.1
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NEWS RELEASE
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| FOR IMMEDIATE RELEASE | Contact: Samuel G. Stone |
| Date Submitted: January 29, 2013 | Executive Vice President and |
| NASDAQ Symbol: FBMI | Chief Financial Officer |
| (989) 466-7325 |
Firstbank Corporation Announces Cash Dividend on Series A Preferred Stock
Alma, MI (FBMI) – Thomas R. Sullivan, President and Chief Executive Officer of Firstbank Corporation, 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 February 15, 2013, to Series A Preferred stockholders of record as of January 31, 2013.
As previously announced, the Board will next consider a cash dividend on common stock at its February, 2013, meeting for payment in March 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 51 banking offices serving Michigan’s Lower Peninsula.