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Press Releases

Andover Bancorp, Inc., Announces Stock Repurchase Program

Andover Bancorp, Inc., Announces Stock Repurchase Program

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Stock Repurchase Program Details Announced.

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Andover Bancorp, Inc. Announces Dividend

Andover Bancorp, Inc. Announces Dividend

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Stephen E. Varckette, President of Andover Bancorp, Inc., the holding company of Andover Bank, announced that on January 3, 2022, the company paid a dividend of $0.37 per share for the second half of 2021.

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Ohio–based Andover Bancorp, Inc. Board of Directors Approves Stock Buyback Plan

Ohio–based Andover Bancorp, Inc. Board of Directors Approves Stock Buyback Plan

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Andover Bancorp, Inc. (OTCPK:ANDC) (the “Company”), the parent holding company of The Andover Bank (the “Bank”), today announced that its board of directors approved a stock buyback plan under which the Ohio-based company may spend up to $3 million to repurchase shares of its common stock.

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Andover Bancorp, Inc. Announces Completion of Subordinated Note Offering

Andover Bancorp, Inc. Announces Completion of Subordinated Note Offering

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Andover Bancorp, Inc. (the “Company”), the parent holding company of The Andover Bank (the “Bank”), today announced the completion of a private placement of $10.0 million aggregate principal amount of its 3.625% Fixed-to-Floating Rate Subordinated Notes due December 1, 2031 (the “Notes”) to various qualified institutional buyers and accredited investors (the “Offering”). 

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Andover Bank achieves Outstanding rating for its Community Reinvestment Act (CRA) performance

Andover Bank achieves Outstanding rating for its Community Reinvestment Act (CRA) performance

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Andover Bank has earned the highest overall rating of Outstanding from the Federal Reserve Bank of Cleveland for its performance under the Community Reinvestment Act (CRA).    

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