John Marshall Bank Common (JMSB) Announces Plan to Repurchase 675k

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John Marshall Bancorp, Inc. Announces Stock Repurchase Program

August 18, 2021 5:08 PM EDT

RESTON, Va.--(BUSINESS WIRE)-- John Marshall Bancorp, Inc. (OTCQB: JMSB) (the Company) announced today that its Board of Directors has authorized a stock repurchase program, whereby the Company may repurchase up to 675,000 shares of its common stock, or approximately 5% of its outstanding shares of common stock. As of June 30, 2021, the Company had approximately 13.6 million shares outstanding.

Chris Bergstrom, President and Chief Executive Officer, commented, John Marshall Bancorps ten consecutive quarters of record earnings demonstrate the Companys commitment to providing shareholder value through profitable growth. We believe there have been... More