Thomas R. Sullivan, President and Chief Executive Officer of Firstbank Corporation (Nasdaq: FBMI), announced today that a $0.225 per share quarterly cash dividend will be paid September 14, 2006, to shareholders of record as of August 25, 2006.
The $0.225 per share cash dividend remains unchanged from the prior quarter. This rate, combined with the 5% stock dividend paid on December 31, 2005, represents a 7.4% increase in dividends per share compared to the year ago level.
Firstbank Corporation, headquartered in Alma, Michigan, is a six bank financial services company with assets of $1.1 billion and 41 banking offices serving Michigan's Lower Peninsula. Bank subsidiaries include: Firstbank - Alma; Firstbank (Mt. Pleasant); Firstbank - West Branch; Firstbank - Lakeview; Firstbank - St. Johns; and Keystone Community Bank.
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