FARMERS AND MERCHANTS BANCSHARES, INC. INCREASES ITS CASH DIVIDEND BY 5.9% TO $0.36 PER SHARE

Farmers and Merchants Bancshares, Inc. declared a cash dividend of $0.36 per share, representing a 5.9% increase from the previous dividend paid in December, with an annualized payout ratio of 33%. The dividend will be paid on June 18, 2026 to stockholders of record on June 2, 2026.