2023-03-16 16:10:30 ET
- FVCBankcorp ( NASDAQ: FVCB ) is extending a share repurchase program initiated in 2020, the holding company for FVCbank said on Thursday.
- FVCB may repurchase up to 1.3M shares, or ~8% of the outstanding shares as of Dec. 31, 2022, in open market purchases, block trades or in privately negotiated transactions.
- The repurchase program is expected to expire on Mar. 31, 2024.
- FVCB had repurchased ~138K shares at an average price of $14.16 as part of the previous stock buyback program.
- The repurchased shares will be cancelled.
- Source: Press Release
For further details see:
FVCBankcorp extends 2020 share repurchase program