ARCHBOLD, Ohio — The board of directors of Farmers & Merchants Bancorp Inc. has declared a 2016 third-quarter cash dividend of $0.23 per share, payable Oct. 20 to shareholders of record as of Sept. 27.
The dividend represents a 4.5 percent increase over the dividend paid for the same period last year.
Farmers & Merchants Bancorp Inc. is the holding company of The Farmers & Merchants State Bank, with assets over $1 billion as of June 30. The bank has offices in Allen, DeKalb and Steuben counties in Indiana and six counties in northwest Ohio. The stock is traded on the OTCQX exchange under the symbol FMAO.
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