Preferred Bank (PFBC) Announces Approval to Resume Share Buyback
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Preferred Bank Announces Approval to Continue Share Repurchase Plan
August 30, 2024 4:01 PM EDTLOS ANGELES, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (the Bank), an independent commercial bank, today announced that the Bank has received regulatory approval to continue its shareholder-approved $150 million stock Repurchase Plan, (the Plan). Thus far in the Plan, the Bank has repurchased $72.5 million of its common stock over the latter half of 2023 and into 2024, however regulatory approval expired in July of 2024.
As a state, non-member Bank that issues its common stock at the Bank level, Preferred Bank is... More
