August 16, 2017
For Immediate Release
Pascagoula, Mississippi, Merchants & Marine Bancorp, Inc., the parent corporation of Merchants & Marine Bank, approved its 272nd consecutive quarterly dividend at its meeting held August 8, 2017. The Board of Directors was pleased to increase the dividend from $0.25 per share to $0.30 per share.
Royce Cumbest, President and CEO commented, “We are pleased and excited about the future and direction our Bank is taking. This twenty percent increase in the third quarter dividend is a direct result of hard work, an aggressive strategy to grow shareholder value, and an improving economy”.
Merchants & Marine Bank serves Jackson and George Counties in Mississippi and Baldwin County in Alabama with twelve branches. The bank continues to provide direct support to over 100 community and charitable organizations.
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