SSB Bancorp, Inc. announces an Equity Buyback for 49,489 shares, representing 5% of its issued share capital.
October 02, 2023 at 03:00 am EDT
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SSB Bancorp, Inc. (OTCPK:SSBP) announces a share repurchase program. Under the program, the company will repurchase up to 49,489 shares of its common stock, representing 5% of its issued share capital, excluding shares held by SSB Bancorp, MHC. The program is subject to final approval from the Federal Reserve to commence with the program.
SSB Bancorp, Inc. is a holding company for SSB Bank (the Bank). The Bank provides a variety of financial services to individuals and corporate customers through its offices in Pittsburgh, Pennsylvania. The Bankâs primary deposit products are passbook savings accounts, money market accounts, and certificates of deposit. Its primary lending products are commercial mortgage loans and single-family residential loans. The Bank is subject to regulation and supervision by the Federal Deposit Insurance Corporation (FDIC) and the Pennsylvania Department of Banking and Securities. The Bankâs personal products and services include banking, online and mobile banking, borrowing, mortgages, credit cards through SSB Bank, and Kasasa Care. The Bankâs small business products and services include banking, online and mobile banking, borrowing, merchant services, electronic merchant systems plus (EMS+) for small businesses, and paycheck protection program loan (PPP) forgiveness.
SSB BANCORP, INC. 
