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 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.