BuybackAug 4, 2026, 04:48 PM
Avidia Bancorp Authorizes $30M Stock Buyback Plan
AI Summary
Avidia Bancorp, Inc. announced that its Board of Directors has authorized a new stock buyback plan. Effective August 4, 2026, the company is permitted to repurchase up to $30 million of its common stock. The repurchases can occur through various methods, including open market and privately negotiated transactions, and the plan is set to expire on July 31, 2027.
Key Highlights
- Board authorized a stock buyback plan effective August 4, 2026.
- Company may repurchase up to $30 million in value of its common stock.
- Repurchases can be made on the open market, in private transactions, and via Rule 10b5-1 plans.
- The plan is scheduled to expire on July 31, 2027.
- The plan may be modified, suspended, or discontinued without prior notice.
Price Impact
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