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.