York Traditions Financial institution declares particular dividend

YORK, Pa., March 1, 2021 / PRNewswire / – The Board of Administrators of York Traditions Financial institution (OTC Pink: YRKB) is happy to announce a particular money dividend of 40 cents per frequent share. The dividend will likely be paid on March 29, 2021 to shareholders of report on the shut of enterprise on March 15, 2021.

“With a stable monetary efficiency in 2020 and cautious optimism for 2021, this distinctive distinctive dividend presents us the chance to acknowledge the help of our shareholders and to reward them for entrusting us with their funding,” famous Eugene Draganosky, President and CEO. “The Financial institution is dedicated to growing shareholder worth, and the Board continues to evaluate its dividend coverage as a part of proactive capital administration. We really worth the loyalty of our shareholders over time as we develop to serve our communities.

Fashioned in 2002 with administrative headquarters in York, Pennsylvania, York Traditions Financial institution operates six full-service branches positioned in York and Hanover, in addition to a manufacturing workplace for ready-to-use Lemoyne, Cumberland County. The Financial institution’s seventh department at 1687 Oregon Pike, Lancaster is presently underneath building and is predicted to open by Could. With belongings of $ 641 million and almost 150 associates, York Traditions Financial institution offers deposit and mortgage companies to companies and people positioned within the South Central Pennsylvania. The Financial institution is the main supplier of residential mortgages York County and has been a Bauer Monetary really helpful monetary establishment for over a decade.

To study extra about York Traditions Financial institution, go to www.yorktraditionsbank.com.

SPECIAL CAUTION REGARDING FORWARD-LOOKING STATEMENTS:

This press launch incorporates forward-looking statements about York Traditions Financial institution that are supposed to be lined by the protected harbor rule for forward-looking statements offered by the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements aren’t historic details. These statements could be recognized by means of forward-looking phrases corresponding to “consider”, “anticipate”, “could”, “will”, “ought to”, “plan”, “plan”, “search”, “have”. intention, “” “anticipate” or comparable terminology. These forward-looking statements embrace, however aren’t restricted to, discussions about technique, monetary projections and estimates and their underlying assumptions; statements concerning plans, aims, targets, expectations or penalties; and statements concerning the future efficiency, operations, services of York Traditions Financial institution.

York Traditions Financial institution cautions readers to not place undue reliance on forward-looking statements and take note of doable occasions or elements that would trigger outcomes or efficiency to vary materially from these expressed in forward-looking statements, together with , however not restricted to: the ineffectiveness of the financial institution’s enterprise technique because of adjustments in present or future market situations; the consequences of competitors and adjustments in competitors legal guidelines and laws, together with business consolidation and the event of aggressive monetary services; actions in rates of interest; difficulties in integrating separate enterprise operations, together with difficulties associated to data expertise; the challenges of building and sustaining operations in new markets; volatility in securities markets; and deteriorating financial situations.

The forward-looking statements contained on this press launch converse solely as of the date of this press launch, and York Traditions Financial institution makes no dedication to revise or replace these statements to replicate adjustments occurring after the date on which the forward-looking assertion was made. made.

SOURCE York Traditions Financial institution

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https://www.yorktraditionsbank.com


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