Embassy Bancorp Increases Annual Dividend
Embassy Bancorp, Inc. (OTCQX: EMYB), based in Bethlehem, has recently made an exciting announcement regarding its annual cash dividend. The Board of Directors declared a dividend of $0.48 per share, reflecting an impressive increase of over 14% from the previous year. This marks the bank's 16th consecutive year of issuing dividends, a testament to its robust performance and commitment to its shareholders.
Commitment to Shareholders
David M. Lobach, Jr., the bank's Chairman, President, and Chief Executive Officer, expressed pride in the consistent dividend payments which signify the bank's financial stability. He noted that these payments underscore the institution’s ongoing dedication to providing long-term value for its shareholders. The ability to sustain and increase dividends, especially during varying economic climates, is crucial for maintaining stakeholder trust and confidence.
Recent Achievements and Recognition
In addition to the elevated dividend, Embassy Bancorp is celebrating various accolades that it has received over the past year. For the 10th consecutive time, the bank was awarded the title of Reader’s Choice Best Bank by The Morning Call, serving the local community in the Lehigh Valley. Furthermore, Lehigh Valley Style Magazine recognized Embassy Bancorp as the Best Bank and Best Mortgage Company in its annual business awards.
Exceptional Community Engagement
These awards are not only about recognition; they reflect the bank's ongoing commitment to exemplary customer service and community involvement. Embassy Bancorp has consistently focused on building meaningful relationships within the community, which has played a substantial role in its ability to thrive amidst competition. Furthermore, the bank's 5-star rating from Bauer Financial highlights its financial strength, solidifying its standing as a reputable community bank.
About Embassy Bancorp, Inc.
Embassy Bancorp, Inc. manages assets exceeding $1.7 billion and is the parent organization of Embassy Bank for the Lehigh Valley. With ten branch locations throughout the region, Embassy Bank serves as a full-service community bank. As identified in the Federal Deposit Insurance Corporation’s Summary of Deposits, the bank holds 4th place in deposit market share in Lehigh and Northampton Counties combined, demonstrating its competitive presence in the area.
Focus on Sustainable Growth
The leadership at Embassy Bancorp is dedicated to upholding the bank's founding mission, which is centered around integrity, responsiveness, and a forward-thinking approach to banking. This strategic vision positions the bank for ongoing success, creating value for customers, employees, and shareholders alike.
Frequently Asked Questions
What is the new dividend amount announced by Embassy Bancorp?
The board declared an annual cash dividend of $0.48 per share.
How long has Embassy Bancorp been paying dividends?
This announcement marks the 16th consecutive year that Embassy Bancorp has paid a dividend.
What recognition has Embassy Bancorp received recently?
Embassy Bancorp has been recognized as the Reader’s Choice Best Bank by The Morning Call for ten consecutive years.
How many branch locations does Embassy Bank operate?
Embassy Bank operates ten branch offices in the Lehigh Valley area.
What is the significance of the 5-star rating from Bauer Financial?
A 5-star rating signifies the bank's exceptional financial strength and stability in the banking sector.
