SB One Bancorp approves stock repurchase program.
M2 EQUITYBITES-February 4, 2019--SB One Bancorp approves stock repurchase program
(C)2019 M2 COMMUNICATIONS http://www.m2.com
Global Banking News - 04 February 2019
SB One Bancorp (NASDAQ: SBBX), the holding company for SB One Bank, has said that its board of directors has approved a common stock repurchase program that will become effective on February 1, 2019.
As part of the repurchase program, the company may repurchase up to 470,000 shares of its outstanding common stock, or nearly 5.0 percent of its currently outstanding common stock.
The repurchase program will expire on January 22, 2020, unless completed sooner or otherwise extended. The repurchases will be made from time to time in the open market including any trading plan in compliance with the regulatory provisions. The timing and amount of shares repurchased will be determined by the company's management based on general market conditions and...
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