First Connecticut Bancorp, Inc. Increases Quarterly Dividend to $0.16 and Sets Date for Annual Stockholders Meeting
28 February 2018 - 8:02AM
First Connecticut Bancorp, Inc. (NASDAQ:FBNK) announced that its
Board of Directors has voted to increase its quarterly dividend to
$0.16 per share, an increase of $0.01. In making this announcement,
John J. Patrick, Jr. Chairman, President, & CEO said, “Having
just completed a successful year in 2017 earning $1.02 per share,
the Board of Directors determined it was prudent to raise the
quarterly dividend $0.01 to $0.16 per share.” Dividends will be
payable on March 19, 2018 to all shareholders of record as of March
9, 2018.
It also announced that its Board of Directors has scheduled the
corporation’s annual meeting of stockholders for 10:00 a.m. EDT,
May 9, 2018 at Central Connecticut State University in the
Constitution Room located in Memorial Hall, 1615 Stanley Street,
New Britain, Connecticut. The record date for stockholders to vote
at the meeting is March 16, 2018. First Connecticut Bancorp, Inc.
is the holding company for Farmington Bank, a full-service
community bank with 24 branch locations throughout central
Connecticut and western Massachusetts, offering commercial and
residential lending as well as wealth management services.
Established in 1851, Farmington Bank is a diversified consumer and
commercial bank with an ongoing commitment to contribute to the
betterment of the communities in our region. Farmington Bank has
assets of $3.1 billion. For more information about Farmington Bank,
visit farmingtonbankct.com. Forward Looking
Statements This press release may contain certain
forward-looking statements about the Company. Forward-looking
statements include statements regarding anticipated future events
and can be identified by the fact that they do not relate strictly
to historical or current facts. They may or may not include words
such as "believe," "expect," "anticipate," "estimate," and "intend"
or future or conditional verbs such as "will," "would," "should,"
"could," or "may." Forward-looking statements, by their nature, are
subject to risks and uncertainties. Certain factors that could
cause actual results to differ materially from expected results
include increased competitive pressures, changes in the interest
rate environment, general economic conditions or conditions within
the securities markets, and legislative and regulatory changes that
could adversely affect the business in which the Company and its
subsidiaries are engaged.
CONTACT:
Jennifer H. Daukas Investor Relations Officer One Farm Glen
Boulevard, Farmington, CT 06032 P 860-284-6359 | F 860-409-3316
jdaukas@farmingtonbankct.com farmingtonbankct.com
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