CB Financial Services (CBFV) Authorizes $7.5M Stock Buyback Program

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Go back to CB Financial Services (CBFV) Authorizes $7.5M Stock Buyback Program

CB Financial Services, Inc. Authorizes New Stock Repurchase Program of up to $7.5 Million

June 10, 2021 4:16 PM EDT

WASHINGTON, Pa.--(BUSINESS WIRE)-- CB Financial Services, Inc. (the Company) (NASDAQ: CBFV), the holding company for Community Bank, announced today that its Board of Directors has authorized a program to repurchase up to $7.5 million of the Companys outstanding common stock, which would represent total shares of 339,673, or approximately 6.3% of the outstanding shares based on the Companys closing stock price on June 9, 2021 if all eligible shares are repurchased. The program is effective as of June 14, 2021 and authorized through June 13, 2022.

Concurrent with the authorization of the new repurchase program the Company terminated the previously... More