Standard AVB Money Corp. Stockholders Approve Merger With Greenback Mutual Bancorp

MONROEVILLE, Pa., Jan. 19, 2021 (Globe NEWSWIRE) — Conventional AVB Money Corp. (Nasdaq: STND) (“Standard”)…

MONROEVILLE, Pa., Jan. 19, 2021 (Globe NEWSWIRE) — Conventional AVB Money Corp. (Nasdaq: STND) (“Standard”) introduced now that its stockholders accredited the previously declared merger of Conventional with and into Dollar Mutual Bancorp (“Dollar”) at a unique meeting of stockholders held these days.  Topic to the receipt of all essential regulatory approvals and the fulfillment of customary closing problems, the events hope to near the merger in the 1st 50 percent of 2021.

About Standard AVB Monetary Corp.

Standard AVB Monetary Corp., with overall assets of $1.1 billion at September 30, 2020, is the mum or dad enterprise of Typical Lender, PaSB, a Pennsylvania chartered personal savings lender that operates 17 offices serving people today and modest to mid-sized businesses in Allegheny, Westmoreland and Bedford Counties, in Pennsylvania and Allegany County in Maryland. Standard Lender, started in 1913, is a member of the FDIC and an Equivalent Housing Loan company.

Ahead-On the lookout Statements

This news launch consists of ahead-seeking statements inside of the indicating of the Personal Securities Litigation Reform Act. Ahead-wanting statements include things like statements pertaining to the predicted closing date of the transaction and expected future outcomes. Forward-seeking statements can be discovered by the truth that they do not relate strictly to historic or present-day details. They normally incorporate phrases like “believe”, “expect”, “anticipate”, “estimate”, and “intend” or upcoming or conditional verbs this sort of as “will”, “would”, “should”, “could” or “may”. Specific variables that could trigger actual outcomes to vary materially from predicted outcomes involve the ability to attain regulatory approvals and fulfill other closing problems to the merger on the envisioned conditions and agenda, delays in completing the merger, challenges in accomplishing value financial savings from the merger or in acquiring these kinds of expense financial savings within the predicted time frame, difficulties in integrating Regular, increased aggressive pressures, modifications in the desire rate natural environment, modifications in common economic circumstances, legislative and regulatory improvements that adversely influence the business enterprise in which Normal and Dollar are engaged, modifications in the securities markets and other pitfalls and uncertainties. In addition, the COVID-19 pandemic is getting an adverse influence on Common and other economical establishments, their buyers and the communities they serve. Provided its ongoing and dynamic character, it is difficult to predict the complete impact of the COVID-19 outbreak on the small business of Common, Dollar and other economic institutions, The extent of this kind of effect will depend on foreseeable future developments, which are highly uncertain, which include when the coronavirus can be managed and abated and when and how the economic system may perhaps be reopened or keep on being reopened.

Even more info about these and other pertinent factors, pitfalls and uncertainties may be found in Standard’s Annual Stories on Form 10-K for the fiscal calendar year ended December 31, 2019 and in subsequent filings with the Securities and Trade Commission. Typical does not undertake, and especially disclaims any obligation, to publicly release the final result of any revisions which may be designed to any ahead-searching statements to mirror the event of predicted or unanticipated situations or conditions soon after the date of this sort of statements. You are cautioned not to place undue reliance on these forward-searching statements.

Get in touch with:

Andrew W. Hasley
President and Chief Government Officer
412.781.0320