- CEO
- J. Daniel Moon
- Full Time Employees
- 21
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 8700 Perry Highway Pittsburgh PA United States of America 15237
- IPO Date
- Jan 26, 2018
- Business
- SSB Bancorp, Inc. (SSBP) operates as the holding company for SSB Bank, a Pennsylvania-chartered stock savings bank that provides a range of retail and commercial banking services to individuals and small businesses primarily in Allegheny County and adjacent areas of Pennsylvania. The bank offers deposit products including passbook savings accounts, checking accounts, money market accounts, time deposits, interest-bearing and non-interest-bearing demand accounts, and certificates of deposit; lending products consisting of one-to-four family residential real estate loans, commercial real estate loans, multi-family residential real estate loans, construction loans, commercial and industrial loans, consumer loans, and home equity lines of credit; and additional services such as credit card processing solutions, Internet banking, mobile banking, mortgages, and HELOCs. Founded in 1922 and headquartered at 8700 Perry Highway in Pittsburgh, Pennsylvania, SSB Bancorp, Inc. is a subsidiary of SSB Bancorp, MHC, which was organized in 2017 as part of the mutual holding company reorganization, and maintains a community-focused operation with branches in the Pittsburgh area. In recent developments, the company reported net earnings of $1.3 million for the latest full year, or $0.62 per diluted share, reflecting an increase from the prior year amid 10.8% higher total interest and fee income to $10 million driven by growth in interest-earning assets; total assets stood at approximately $252 million with ongoing emphasis on deposit growth and competitive rates such as 5.12% APY on Kasasa Cash checking and promotional CDs up to 4.04% APY.