BankGuam approves $500,000 share repurchase program

BankGuam Holding Company (Pink Open Market: BKGM) announced its board of directors approved a share repurchase program allowing the company to buy back up to $500,000 of its outstanding common stock.

The company may purchase shares through open market transactions, block purchases, and privately negotiated transactions, according to the announcement. The timing and amount of repurchases will depend on factors including stock price, corporate considerations, market conditions, and legal requirements.

The repurchase program has no set expiration date and does not require the company to acquire any specific amount of stock. BankGuam may modify, discontinue, or suspend the program at any time. The company plans to fund the repurchases using available corporate funds.

The information was disclosed in a company press release statement.

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