PB Bankshares, Inc. announces an Equity Buyback for 277,725 shares, representing 10% of its issued share capital.
August 06, 2022 at 01:31 am IST
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PB Bankshares, Inc. (NasdaqCM:PBBK) announces a share repurchase program. Under the program, the company will repurchase up to 277,725 shares, representing 10% of outstanding shares. The program is valid till August 1, 2023.
PB Bankshares, Inc. is a bank holding company for Presence Bank (the Bank). Its principal business consists of attracting retail and commercial deposits from the general public in its market area and investing those deposits, together with funds generated from operations and borrowings, primarily in commercial real estate loans, commercial and industrial loans, construction, home equity lines of credit and to a lesser extent, one-to four-family residential real estate loans and consumer loans. It offers a variety of deposit accounts, including demand deposit accounts, savings accounts, money market accounts and certificate of deposit accounts. Its community-oriented bank offers a variety of financial products and services to meet the needs of its customers. The Bank operates four banking offices and two loan production offices in Chester, Lancaster and Dauphin Counties, Pennsylvania. The Bank also serves customers in Cumberland and Lebanon Counties.
PB BANKSHARES, INC. 
