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York Traditions Bank To Take Next Step In Evolution With Proposed Formation Of Holding Company
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YORK, Pa., Dec. 23, 2020 /PRNewswire/ York Traditions Bank (OTC Pink: YRKB), a Pennsylvania state-chartered bank with headquarters at 226 Pauline Drive, York Township, has notified the Federal Reserve, the Federal Deposit Insurance Corporation, and the Pennsylvania Department of Banking and Securities of its intentions to form a bank holding company under the name Traditions Bancorp, Inc.
If approved by the regulators, the Bank will seek shareholder approval at its Annual Shareholder Meeting to be held in April 2021. Following approval, shareholders will exchange each share of their common stock of the Bank for one share of common stock of Traditions Bancorp. York Traditions Bank will then become a wholly owned subsidiary of Traditions Bancorp.
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