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In brief: York Traditions Bank declares first dividend

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York Traditions Bank will pay a dividend this month, its first ever, to commemorate its 10th anniversary in business.

On Dec. 20, the bank's board declared the dividend of 10 cents per share, payable Jan. 18.

"This dividend is a special 10th anniversary payout to reflect the organization's appreciation for their shareholders' loyalty," the York Township-based institution said.

York Traditions Bank was established in October 2002, according to Federal Deposit Insurance Corp. records. It has grown from 13 employees and one branch to 77 employees and four branches, and has $286 million in assets, according to a company statement.

Its stock is not publicly traded.

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