Trip.com Shares Tumble After Q1 Profit Drops and Weak Revenue Growth Outlook 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy 
Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast 
Baseten Secures $1.5 Billion Funding at $13 Billion Valuation Amid AI Infrastructure Boom 
Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates 
Ryan Cohen Rejects GameStop Pay Package, Prepares New eBay Acquisition Plan 
Bain Capital Nears Deal for Majority Stake in Volkswagen Marine Engine Unit Everllence 
Meta Reportedly Developing ‘Arena’ Prediction Market App to Rival Polymarket and Kalshi 
Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism 
Alibaba Shares Fall After Anthropic Alleges Massive AI Model Distillation Campaign 
SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist 
Meta Pauses Employee Activity Tracking Program Over Data Security Concerns 
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
Kioxia Targets U.S. Listing as AI Chip Boom Accelerates 
Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites 
Heineken Names JDE Peet’s CEO Rafael Oliveira as New Chief Executive 
FARMINGTON, Conn., Feb. 23, 2016 -- First Connecticut Bancorp, Inc. (NASDAQ:FBNK) today announced that its Board of Directors has voted to increase its quarterly dividend to $0.07 per share, an increase of $0.01. In making this announcement, John J. Patrick, Jr. Chairman, President & CEO said, “We are pleased to increase our dividend and continue to reward our shareholders.” Dividends will be payable on March 14, 2016 to all shareholders of record as of March 4, 2016.
It also announced that its Board of Directors has scheduled the corporation’s annual meeting of stockholders for 10:00 a.m. EDT, May 18, 2016 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 23, 2016.
First Connecticut Bancorp, Inc. is the holding company for Farmington Bank, a full-service community bank with 23 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 $2.7 billion. For more information about Farmington Bank, visit farmingtonbankct.com.
The First Connecticut Bancorp, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11128
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 [email protected] farmingtonbankct.com
