VFG

Civista Bancshares, Inc. Announces Share Repurchase Program

Retrieved on: 
Monday, May 8, 2023

SANDUSKY, Ohio, May 8, 2023 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") today announced that the Board of Directors has approved a stock repurchase program authorizing Civista to purchase, from time to time, up to an aggregate $13.5 million of its outstanding common shares.

Key Points: 
  • SANDUSKY, Ohio, May 8, 2023 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") today announced that the Board of Directors has approved a stock repurchase program authorizing Civista to purchase, from time to time, up to an aggregate $13.5 million of its outstanding common shares.
  • This new program replaces the prior share repurchase program approved by the Board of Directors which had authorized Civista to purchase up to an aggregate of $13.5 million common shares and would have expired on May 9, 2023, with an aggregate of $7.4 million purchased through the replacement date.
  • Provided we have a level of comfort, the repurchase program will allow us to be opportunistic and further deliver value to our shareholders."
  • Under the share repurchase program, shares may be repurchased from time to time in the open market or through negotiated transactions at prevailing market rates, or by other means in accordance with federal securities laws.

Civista Bancshares, Inc. To Acquire Vision Financial Group, Inc.

Retrieved on: 
Friday, September 30, 2022

As a subsidiary of Civista Bank, VFG will continue to operate under the Vision Financial Group, Inc. name taking advantage of the company's existing brand awareness within the equipment finance industry.

Key Points: 
  • As a subsidiary of Civista Bank, VFG will continue to operate under the Vision Financial Group, Inc. name taking advantage of the company's existing brand awareness within the equipment finance industry.
  • "We are very excited to welcome VFG's customers, employees, and business partners to the Civista family," said Dennis G. Shaffer, CEO and President of Civista.
  • "Vision Financial Group has been helping customers since our founding in 1991 through various interest rate and economic cycles.
  • Our team is very excited to build an even better Vision Financial Group as part of Civista Bank going forward."