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Embassy Bancorp, Inc. Announces Results of Operations as of and for the Three Months ended March 31, 2024

BETHLEHEM, Pa., May 17, 2024 (GLOBE NEWSWIRE) -- Embassy Bancorp, Inc. (OTCQX:EMYB) (the "Company") has filed its Form 10-Q on May 15, 2024, a copy of which can be found at https://investors.embassybank.com/sec-filings/documents/default.aspx. Highlights of the filing, which includes consolidated financial information of the Company and Embassy Bank For the Lehigh Valley (the "Bank"), the Company's wholly-owned subsidiary, include: Loans receivable increased to $1.271 billion at March 31, 2024, an increase of $17.5 million, from $1.254 billion at December 31, 2023. Cash and cash equivalents on hand of $59.5 million at March 31, 2024, or 3.6% of total assets. Deposits of $1.509 billion at March 31, 2024, an increase of $33.1 million from $1.476 billion at December 31, 2023. Non-interest bearing deposits increased $8.7 million during this same period. The Company does not have any brokered deposits. The Company had no short or long term borrowings as of March 31, 2024, and during the three months ended March 31, 2024, repaid short-term borrowings of $35 ...