Articles from Farmers and Merchants Bancshares, Inc.

HAMPSTEAD, Md. , May 27, 2025 (GLOBE NEWSWIRE) -- Farmers and Merchants Bancshares, Inc. (the “Company”), the parent of Farmers and Merchants Bank (the “Bank”), filed a Registration Statement on Form S-1 (the “Registration Statement”) with the Securities and Exchange Commission the “SEC”) for the purpose of registering shares of the Company’s common stock for issuance under a new 2025 Dividend Reinvestment Plan (the “2025 DRIP”). The 2025 DRIP will replace the dividend reinvestment plan that the Company implemented in May 2017 under which no further shares remain available for issuance. The Registration Statement is not complete and is subject to review by, and must be declared effective by, the SEC before the Company can offer or sell any shares under the 2025 DRIP.

TOTAL 2024 DIVIDEND OF $0.67 PER SHARE IS THE 14TH CONSECUTIVE ANNUAL INCREASE

Board Acts to Protect the Interests of the Company and its Stockholders Following an Investor Group’s Filing of an “Interagency Notice of Change in Bank Control” with Regulators

HAMPSTEAD, Md., May 21, 2024 (GLOBE NEWSWIRE) -- On May 20, 2024, the Board of Directors of Farmers and Merchants Bancshares, Inc., the parent of Farmers and Merchants Bank, declared a cash dividend on the common stock of $.33 per share, which will be paid on June 21, 2024 to stockholders of record on June 3, 2024. The dividend represents a 4.1% annual yield on the current market value of $16.25 per share.

HAMPSTEAD, Md., Nov. 21, 2023 (GLOBE NEWSWIRE) -- On November 20, 2023, the Board of Directors of Farmers and Merchants Bancshares, Inc., the parent of Farmers and Merchants Bank, declared a cash dividend of $.33 per share of common stock, which will be paid on December 15, 2023 to shareholders of record on December 1, 2023. The $.33 per share dividend is the same as the most recent dividend paid in June 2023. The combined 2023 dividend of $.66 per share represents a 3.8% yield on the current market value of $17.52 per share and represents a 4.8% increase over the $.63 per share dividend paid in 2022. The annual dividend has increased for 13 consecutive years.

HAMPSTEAD, Md., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Mr. Robert (Bob) Pollokoff has accepted a position on the Boards of Directors of Farmers and Merchants Bancshares, Inc. and its primary subsidiary, Farmers and Merchants Bank (the “Bank”). Mr. Pollokoff is currently the President & CEO of The Fedder Company, a commercial real estate investment and management company that was founded in the mid 1970’s. Bob began with the company in 1984 serving as Property Manager, and was appointed President in 1998. Bob is a native of Baltimore, and attended Bucknell University in Lewisburg, PA.  After graduating in 1981 he began his career at City Federal Financial in New Jersey, where he eventually was an assistant loan officer in their commercial mortgage lending division. In 1990 he received a Masters in Business Administration from Loyola University in Baltimore where he also taught senior finance majors a course in real estate investment.  From 1991-1998, Bob served on the Board of Comprehensive Housing Assistance, Inc., a non-profit agency that provides housing assistance for the elderly as well as first-time home buyers in the Upper Park Heights community. He was President from 1997-1998. Currently Bob is on the Board of the Associated Jewish Charities and serves as Chair of Funds and Foundations, helping direct donors meet their charitable goals. Bob has also volunteered his services to Habitat for Humanity. Gary A. Harris, President and CEO commented, “Bob is an accomplished business leader. He will add great value to our board of directors, and the Company and Bank will benefit from his perspective and insight. We are glad to welcome him to the Board of Directors.”

HAMPSTEAD, Md. , Aug. 15, 2023 (GLOBE NEWSWIRE) -- Mrs. Emily Bollinger Miller has accepted a position on the Boards of Directors of Farmers and Merchants Bancshares, Inc. and its primary subsidiary, Farmers and Merchants Bank (the “Bank”). Mrs. Miller is currently an owner/partner and the Secretary and Treasurer of Barnes-Bollinger Insurance Services, Inc. serving in various roles since 2008, most recently as a Risk Advisor. She is very active in her local community, serving on many local boards and assisting with many community events. Gary A. Harris, President and CEO, commented, “We are excited to have someone with such strong business connections and community involvement join our Board of Directors.”

HAMPSTEAD, Md., May 18, 2023 (GLOBE NEWSWIRE) -- On May 15, 2023, the Board of Directors of Farmers and Merchants Bancshares, Inc., the parent of Farmers and Merchants Bank, declared a cash dividend of $.33 per share of common stock, which will be paid on June 23, 2023 to shareholders of record on June 2, 2023. The $.33 per share dividend is $.01 greater than the most recent dividend paid in December 2022. The semi-annual dividend has increased or remained the same compared to the previous dividend 27 consecutive times starting with the June 2010 dividend.

HAMPSTEAD, Md., Nov. 22, 2022 (GLOBE NEWSWIRE) -- On November 21, 2022, the Board of Directors of Farmers and Merchants Bancshares, Inc., the parent of Farmers and Merchants Bank, declared a cash dividend of $.32 per share of common stock, which will be paid on December 16, 2022 to shareholders of record on December 2, 2022. The $.32 per share dividend is $.01 greater than the most recent dividend paid in June 2022. The combined 2022 dividend of $.63 per share represents a 3.0% yield on the current market value of $20.75 per share and represents a 10.5% increase over the $.57 per share dividend paid in 2021. The annual dividend has increased for 12 consecutive years.