Traditions Bancorp Announces Fourth Quarter Cash Dividend

Rhea-AI Summary

On January 19, 2023, Traditions Bancorp (OTC Pink: TRBK) declared a quarterly cash dividend of eight cents per common share. This dividend will be paid on February 13, 2023, to shareholders of record by February 3, 2023. With assets valued at $773 million as of September 30, 2022, Traditions Bank operates seven full-service branches in south-central Pennsylvania, providing various financial services to businesses and individuals. The bank has received recognition from Bauer Financial for over a decade as a recommended financial institution.

Positive

• Quarterly cash dividend of eight cents per share enhances shareholder income.
• Strong asset base of $773 million indicates financial stability.

Negative

• None.

News Market Reaction – TRBK

-1.27%

-1.27% Session move

In the trading session that priced this news, TRBK declined 1.27%, reflecting a mild negative market reaction.

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YORK, Pa., Jan. 19, 2023 /PRNewswire/ -- On January 19, 2023, the Board of Directors of Traditions Bancorp (OTC Pink: TRBK), parent company of Traditions Bank, declared a quarterly cash dividend of eight cents per common share. The dividend will be paid on February 13, 2023, to shareholders of record at the close of business on February 3, 2023.

Formed in 2002 with administrative headquarters in York, Pennsylvania, Traditions Bank operates seven full-service branch offices located in York, Hanover, and Lancaster, as well as a loan production office in Lemoyne, Cumberland County. With assets of $773 million as of September 30, 2022 and 170 associates, Traditions Bank provides depository and borrowing services to businesses and individuals located in south-central Pennsylvania. The Bank is a leading provider of residential mortgages and has been a Bauer Financial recommended financial institution for more than a decade.

To learn more about Traditions Bancorp, visit www.traditionsbancorp.com.

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SOURCE Traditions Bancorp, Inc.

FAQ

What is the dividend amount declared by Traditions Bancorp?

Traditions Bancorp declared a cash dividend of eight cents per common share.

When will the dividend be paid to shareholders?

The dividend will be paid on February 13, 2023.

What is the record date for the dividend distribution?

The record date for the dividend is February 3, 2023.

What are the current assets of Traditions Bancorp?

Traditions Bancorp has assets of $773 million as of September 30, 2022.

Where does Traditions Bank operate?

Traditions Bank operates seven full-service branches in south-central Pennsylvania.