ESSA Bancorp, Inc. Buyback
OLI recorded this information on 8/25/2020
ESSA Bancorp, Inc.
Share Amount Authorized:
ESSA Bancorp, Inc. (the "Company") (NASDAQ:ESSA), the holding Company for ESSA Bank & Trust, a $2.0 billion asset institution providing full service commercial and retail banking, financial and investment services in eastern Pennsylvania, today announced that its Board of Directors has approved a stock repurchase program for up to 500,000 shares of its common stock. The Company may repurchase the shares from time to time through open market purchases, privately negotiated stock transactions, or in any other manner that is compliant with applicable securities laws. The buyback program announced by the Company in July 2019 was fully completed on August 24, 2020.
ESSA Bancorp is a bank holding company. Through its subsidiary, ESSA Bank & Trus, Co. accepts deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in residential first mortgage loans, commercial real estate loans, home equity loans and lines of credit, commercial and consumer loans. Co. provides a variety of deposit accounts, including checking, savings and certificates of deposits. Co. also provides asset management and trust services. Co. provides investment services through its relationship with Ameriprise Financial Institutions Group, a third-party broker/dealer and investment advisor.
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Hold (2.00 out of 4)