York Traditions Bank drops ‘York’ from its name as it expands; new branch to open Monday
Updated 12:45 PM;
Today 12:45 PM
Traditions Bank will expand into Lancaster County on Monday when it opens a new branch in Manheim Township. (Photo provided)
Facebook Share
The new location will open at 1687 Oregon Pike in Manheim Township.
The 3,600-squae-foot full-service branch is set to open on Monday.
The bank includes a team of commercial, retail and residential mortgage professionals. The location has an ATM and two drive-thru lanes. The retail branch consists of universal bankers who have the expertise to serve varied customer needs, including transactions, account openings, and loan processing.
York Traditions Bank Unveils Evolution of Name And Brand
News provided by
Share this article
YORK, Pa., April 7, 2021 /PRNewswire/
York Traditions Bank (OTC Pink: YRKB), headquartered at 226 Pauline Drive in York Township, unveiled a new brand at an Associates Annual Meeting held last evening. During this virtual event, President & CEO Eugene Draganosky and Founder & Chairman Michael Kochenour announced that the bank will now be doing business as Traditions Bank and introduced a new logo. The bank has not changed ownership or personnel.
The brand study began almost a year and a half ago, prior to the pandemic. The bank partnered with Financial Marketing Solutions of Franklin, TN to discover their authentic brand, and to help evolve the brand for the future. FMS is a full-service branding and strategic marketing agency that works exclusively with community banks around the country.
York Traditions Bank Declares Special Dividend
News provided by
Share this article
Share this article
YORK, Pa., March 1, 2021 /PRNewswire/ The Board of Directors of York Traditions Bank (OTC Pink: YRKB) is pleased to announce a special cash dividend of 40 cents per common share. The dividend will be paid on March 29, 2021 to shareholders of record at the close of business on March 15, 2021. With strong financial performance in 2020 and cautious optimism for 2021, this special one-time dividend affords us the opportunity to acknowledge the support of our shareholders and reward them for entrusting us with their investment, noted Eugene Draganosky, President and Chief Executive Officer. The Bank is committed to growing shareholder value, and the Board continues to evaluate its dividend policy as part of proactive capital management. We truly appreciate the loyalty of our shareholders throughout the years as we grow to serve our communities.
York Traditions Bank Reports Fourth Quarter Earnings And Results For 2020
News provided by
Share this article
Share this article
YORK, Pa., Jan. 28, 2021 /PRNewswire/ York Traditions Bank (OTC Pink: YRKB) reported net income of $2.3 million, or 72 cents per share (diluted), for the fourth quarter ended December 31, 2020, compared to $1.2 million, or 37 cents per share, for the fourth quarter ended December 31, 2019. This represents a $1.1 million, or 96%, increase over the fourth quarter of 2019. Net income for 2020 was $8.4 million, or $2.66 per share, an increase of $3.2 million, or 60%, over 2019. Book value per common share ended December 31, 2020 at $20.72, up 15% for the year. Against the backdrop of the COVID-19 pandemic, we are extremely pleased to report another quarter of superior results, concluding a fifth consecutive year of record earnings, stated Eugene J. Draganosky, President and Chief Executive Officer. Pre-tax/pre-provision 2020 income of $12.3 million is
York Traditions Bank To Take Next Step In Evolution With Proposed Formation Of Holding Company
News provided by
Share this article
Share this article
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.