STANDARD AVB FINANCIAL CORP. (OTCMKTS:STND) Files An 8-K Results of Operations and Financial Condition
Item 2.02
|
Results of Operations and Financial Condition |
On April 27, 2017, Standard AVB Financial Corp. (the Company),
the holding company for Standard Bank, PaSB (the Bank), announced
the financial results of Standard Financial Corp. for the quarter
ended March 31, 2017. As previously disclosed, the merger of
Allegheny Valley Bancorp, Inc. with and into Standard Financial
Corp. was consummated at the close of business on April 7, 2017
and after the completion of the March 31, 2017 quarter.
Accordingly, the financial results referenced in the earnings
release solely relate to Standard Financial Corp. on a pre-merger
basis. The combined company was renamed Standard AVB Financial
Corp. on April 7, 2017. The earnings release containing the
financial results is included as Exhibit 99.1 and shall not be
deemed filed for any purpose.
| Item 8.01 | Other Events |
On April 18, 2017, the Companys Board of Directors declared a
cash dividend of $0.221 per share to shareholders of record of
Standard AVB Financial Corp. at the close of business on May 4,
2017 and payable on May 18, 2017.
| Item 9.01 | Financial Statements and Exhibits |
| (a) | Financial Statements of Businesses Acquired. Not applicable. |
| (b) | Pro Forma Financial Information. Not applicable. |
| (c) | Shell Company Transactions. Not applicable. |
| (d) | Exhibits. |
| Exhibit No. | Description | |
| 99.1 | Earnings Release dated April 27, 2017 |
About STANDARD AVB FINANCIAL CORP. (OTCMKTS:STND)
Standard AVB Financial Corp., formerly Standard Financial Corp., is the holding company of Standard Bank, PaSB (the Bank). The Bank is a Pennsylvania-chartered state savings bank. It is a retail-oriented financial institution, which offers deposit and loan products. It has approximately nine offices located in Allegheny, Westmoreland and Bedford Counties of Pennsylvania and Northern Allegany County of Maryland. It offers personal banking services, such as personal checking and savings accounts, mobile banking, online banking, certificate of deposits and individual retirement accounts (IRAs). It offers business banking services, such as business checking and savings accounts, business online banking, business services and business loans. It also offers wealth management services. The Company, through its subsidiary, Westmoreland Investment Company, is engaged in holding residential mortgage loans. It offers a range of loan products, such as real estate loans, and other loans. STANDARD AVB FINANCIAL CORP. (OTCMKTS:STND) Recent Trading Information
STANDARD AVB FINANCIAL CORP. (OTCMKTS:STND) closed its last trading session 00.00 at 26.90 with 1,250 shares trading hands.
