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CBNK - Capital Bancorp launches new stock repurchase program
Capital Bancorp Inc.
Capital Bancorp's (CBNK) board approved a new stock repurchase program, authorizing the company to repurchase up to $7.5M of its outstanding common stock.New stock repurchase program replaces and exceeds the earlier $5M stock repurchase program closed in 4Q20.In the earlier program, the company purchased 304,114 shares at an average price of $10.81/share.