Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - FIRSTBANK CORP | firstbank_8k-102312.htm |
| EX-99.2 - EXHIBIT 99.2 - FIRSTBANK CORP | ex99-2.htm |
Exhibit 99.1
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NEWS RELEASE
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| FOR IMMEDIATE RELEASE | Contact: Samuel G. Stone |
| Date Submitted: October 23, 2012 | Executive Vice President and |
| NASDAQ Symbol: FBMI | Chief Financial Officer |
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(989) 466-7325
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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 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.