Apollo Bancorp, Inc. to Repurchase up to 25,000 Shares of Common Stock

Contact: Nelson L. Person
President & CEO
Tel. (724) 478-6101

FOR IMMEDIATE RELEASE

Apollo, PA – December 18, 2024:  Apollo Bancorp, Inc. (OTC Pink: APLO), the parent company of Apollo Trust Company announced that the Board of Directors authorized the repurchase of up to 25,000 shares, or approximately 4.81% of the Company’s common stock through December 10, 2025.  Repurchases are authorized to be made by the Company from time to time in open-market or private transactions as, in the opinion of management, market conditions warrant. The repurchased shares will be held as treasury stock and may be reserved for reissuance for general corporate purposes.

Nelson L. Person, President and CEO commented, “The repurchase program reflects management’s belief that the current price of the Company’s common stock does not adequately reflect long-term earnings prospects. The company has the capital strength and financial flexibility to show its commitment to future prospects.”

Apollo Trust Company operates six banking locations in the Alle-Kiski Valley and a loan office in the Fox Chapel area of Pittsburgh.  Apollo Bancorp, Inc. common stock is traded Over-the-Counter on OTC Pink under the symbol APLO.  Recent trades and current bid-ask prices may be viewed at www.otcmarkets.com.

More information is available at the Company’s website:  www.apollotrust.com