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home / news releases / SHBI - Shore Bancshares to commence up to $5.0M share repurchase program

SHBI - Shore Bancshares to commence up to $5.0M share repurchase program

Shore Bancshares Inc

  • Shore Bancshares ( NASDAQ: SHBI ) is set to commence a share repurchase program of up to $5.0M, or approximately 1.4% of the 19.8M outstanding shares.
  • The financial holding company has received a non-objection letter from the Federal Reserve Bank of Richmond for program.
  • The program is set to expire on Mar. 31, 2023.
  • "We general like to have an active stock buyback program in place at any given time," CEO Lloyd Beatty said.
  • Source: Press Release

For further details see:

Shore Bancshares to commence up to $5.0M share repurchase program
Stock Information
Company Name: Shore Bancshares Inc
Stock Symbol: SHBI
Market: NASDAQ
Website: shorebancshares.com
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