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BETHLEHEM, Pa. - Embassy Bancorp, Inc. (OTCQX:EMYB), a $131.9 million market cap banking company, announced Monday that its Board of Directors has authorized the company’s first-ever stock repurchase program for up to $5 million of its outstanding common stock.
The program will commence on October 31, 2025, allowing the Pennsylvania-based banking company to repurchase shares through open market or privately negotiated transactions.
Embassy Bancorp, the parent company of Embassy Bank For the Lehigh Valley, indicated that the timing and amount of repurchases will depend on various factors including share price, market conditions, regulatory considerations, and other corporate priorities.
The stock buyback program has no expiration date and may be suspended or terminated at any time, according to the company’s statement.
"We are very pleased to announce this meaningful move to strategically deploy capital," said David M. Lobach, the company’s Chairman, President and Chief Executive Officer, in the press release.
Embassy Bancorp operates ten branch locations throughout Pennsylvania’s Lehigh Valley and reports over $1.7 billion in assets. According to FDIC data cited in the company’s announcement, Embassy Bank ranks fourth in total deposit market share across Lehigh and Northampton Counties combined as of June 30, 2025.
The announcement comes as part of the company’s capital management strategy, though the program does not obligate Embassy Bancorp to repurchase any specific number of shares.
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