Business News • MarketWire • Central Valley Community Bancorp Announces Stock Repurchase Program |
Central Valley Community Bancorp Announces Stock Repurchase Program |
|
|
Central Valley Community Bancorp Announces Stock Repurchase Program
FRESNO, CA--(Marketwire - Aug 16, 2012) - The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), approved the adoption of a program to effect repurchases of the Company's common stock. Under the program, the Company may repurchase up to five percent of the Company's outstanding shares of common stock, or approximately 479,850 shares based on the 9,597,066 shares outstanding as of August 15, 2012, for a period beginning on August 15, 2012, and ending February 15, 2013. The shares will be repurchased in open market transactions through brokers, subject to availability. All such transactions will be structured to comply with SEC Rule 10b-18, and all shares repurchased will be retired.
View More : http://www.marketwire.com/mw/release.do?id=1691896&sourceType=3
|
|
|