Pioneer Bancorp Says Recently Became Aware Of Potentially Fraudulent Activity Associated With Transactions By An Established Customer Of Bank; Says This Has Caused Delay In 10-K filing

Author: Benzinga Newsdesk | October 01, 2019 09:23am

Pioneer Bancorp, Inc. (the “Company”) recently became aware of potentially fraudulent activity associated with transactions by an established business customer of Pioneer Bank, a subsidiary of the Company. These transactions relate both to deposit and lending relationships with the same customer and related entities. The Company continues to review the effect of such transactions at and for the fiscal year ended June 30, 2019. Accordingly, this has caused a delay in filing the Form 10-K in a timely manner and without unreasonable effort or expense.

Posted In: PBFS