Key Developments: ESSA Bancorp Inc (ESSA.O)
10.77USD
22 May 2013
$-0.10 (-0.92%)
$10.87
$10.85
$10.85
$10.75
30,454
15,768
$11.55
$9.45
Latest Key Developments (Source: Significant Developments)
Essa Bancorp Inc Declares Quarterly Dividend
Essa Bancorp Inc announced that the Board of Directors declared a dividend of $0.05 per share to shareholders of record as of March 16, 2013, payable on March 30, 2013. Full Article
Essa Bancorp Inc Announces Authorization For Fifth Stock Repurchase Program
Essa Bancorp Inc announced that its Board of Directors has authorized a fifth stock repurchase program to purchase up to an additional 10% of its outstanding shares. The Company will repurchase the shares from time to time for cash in open market transactions or in privately negotiated transactions in accordance with applicable federal securities laws. Full Article
Essa Bancorp Inc Declares Quarterly Dividend
Essa Bancorp Inc announced that the Board of Directors declared a dividend of five cents ($0.05) per share to shareholders of record as of September 16, 2012, payable on September 30, 2012. Full Article
Essa Bancorp Inc Announces Closing Of First Star Bancorp, Inc. Acquisition
Essa Bancorp Inc announced it has closed its acquisition of First Star Bancorp, Inc. the parent company of First Star Bank. The acquisition adds nine locations in the Lehigh Valley, expanding ESSA's existing presence in that market. First Star branches will open as ESSA Bank branches on August 1, 2012. The combined company has total assets of approximately $1.5 billion, 26 banking locations in Monroe County, Northampton and Lehigh Counties, Pennsylvania, with roughly one third of the institution's deposits in the Lehigh Valley. At June 30, 2012, First Star Bancorp had total assets of approximately $427.6 million, total deposits of approximately $333.0 million and total loans of approximately $217.6 million. Under the terms of the merger agreement, First Star shareholders will receive a fixed exchange ratio of 1.0665 shares of ESSA common stock, or $11.39 for each of their First Star shares, subject to their stock/cash election as well as to the requirement that the aggregate consideration be paid 50% in cash and 50% in stock. The total value of the consideration for the acquisition was $24.6 million. ESSA Bancorp's exchange agent will mail the cash consideration and a confirmation of the number of shares of ESSA Bancorp common stock owned by former shareholders of record of First Star to such shareholders on or about August 15, 2012. Full Article
Essa Bancorp Inc Declares Quarterly Dividend
Essa Bancorp Inc announced that the Board of Directors declared a dividend of $0.05 per share to shareholders of record as of March 16, 2012, payable on March 30, 2012. Full Article
Essa Bancorp Inc Announces Completion Of Fourth Stock Repurchase Program
Essa Bancorp Inc announced the completion of its fourth stock repurchase program, purchasing 637,200 shares at a weighted average cost of $11.57. Full Article
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