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American River Bankshares announces stock repurchase program for 2018

Published 01/25/2018, 12:05 PM
Updated 01/25/2018, 12:05 PM
© Reuters.  American River Bankshares announces stock repurchase program for 2018
  • American River Bankshares (AMRB) has approved & authorized a new stock repurchase program for 2018.
  • The 2018 Program authorizes the repurchase during 2018 of up to 5% of the outstanding shares of the Company’s common stock, or ~0.306M shares based on the 6.13M shares outstanding as of Dec. 31, 2017.
  • “After a thorough review of our capital position, the American River Bankshares Board of Directors again authorized the Repurchase Program,” said David E. Ritchie, Jr., President and CEO of American River Bankshares. “We believe this is a sound use of our capital on the path of continued growth for the Company.”
  • Now read: Banc of California, Inc. 2017 Q4 - Results - Earnings Call Slides


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