Mid-Southern Bancorp, Inc. Reports Results of Operations For the First Quarter Ended March 31, 2020
Mid-Southern Bancorp, Inc. (MSVB)
NASDAQ:AMEX Investor Relations:
mid-southern.com
Company Research
Source: GlobeNewswire
SALEM, Ind., April 22, 2020 (GLOBE NEWSWIRE) -- Mid-Southern Bancorp, Inc. (the “Company”) (NASDAQ: MSVB), the holding company for Mid-Southern Savings Bank, FSB (the “Bank”), reported net income for the first quarter ended March 31, 2020 of $385,000 or $0.12 per diluted share compared to $362,000 or $0.11 per diluted share for the same period in 2019. In light of the recent events surrounding the COVID-19 pandemic, the Company is continually assessing the effects of the pandemic to its employees, customers and communities. In March 2020, the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) was enacted. The CARES Act contains many provisions related to banking, lending, mortgage forbearance and taxation, and the Company has been introducing support to its customers through the SBA Paycheck Protection Program, loan modifications and deferrals and fee waivers for early withdrawal of certificates of deposit due to hardship. While the ultimate impact of the crisi
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