Merchants & Manufacturers Bancorporation, Inc. Announces 10% Stock Dividend BROOKFIELD, Wis., Nov. 21 /PRNewswire-FirstCall/ -- Merchants & Manufacturers Bancorporation, Inc. ("Merchants") (BULLETIN BOARD: MMBI) announced today that the Board of Directors declared a 10% stock dividend on the Corporation's common stock to shareholders of record on December 1, 2003. The stock dividend will be payable on December 15, 2003. One share of common stock will be paid for every ten shares of common stock presently held. Following the dividend, Merchants total shares outstanding will increase to approximately 3.3 million. Michael J. Murry, Chairman of the Board of Directors of Merchants indicated, "The Board has granted a stock dividend to our shareholders based on the strong earnings performance of the Corporation and we are grateful for the continued support of our shareholders." Merchants & Manufacturers Bancorporation, Inc. is a multi-bank holding company headquartered in Brookfield, Wisconsin, a suburb of Milwaukee. Merchants operates six banks in Wisconsin (Lincoln State Bank, Franklin State Bank, Grafton State Bank, Community Bank of Oconto County, Fortress Bank of Westby, and The Reedsburg Bank), one bank in Minnesota (Fortress Bank, N.A.) and one bank in Iowa (Fortress Bank of Cresco). The bank subsidiaries operate 38 offices in the communities they serve. In addition, Merchants offers residential mortgage services through CBG Mortgage, Inc., a full range of investment and insurance products through Link Community Financial Services, LLC and tax preparation services through Keith C. Winters & Associates, LTD. Merchants' shares trade on the "bulletin-board" section of the NASDAQ Stock Exchange under the symbol "MMBI." Certain statements contained in this press release constitute or may constitute forward-looking statements about Merchants which we believe are covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. DATASOURCE: Merchants & Manufacturers Bancorporation, Inc. CONTACT: James Mroczkowski, Executive Vice President and CFO of Merchants & Manufacturers Bancorporation, Inc., +1-262-790-2127

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