PFBC - Preferred Bank Announces Continuation of Share Repurchase Plan | Benzinga
LOS ANGELES, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), ("the Bank"), an independent commercial bank, today announced that the Board of Directors has approved the repurchase of another $50 million of the Bank's common stock. The shares will be purchased in the open market.
Recall that at the Annual Shareholder's Meeting on May 16, 2023, the Bank's shareholders approved a stock repurchase plan which calls for the repurchase of up to a total of $150 million of the Bank's common stock. On June 12, 2023, the Bank announced that the Board had approved the first $50 million in repurchases under ...