BuybackMay 6, 2026, 04:39 PM
BV Financial Authorizes New Buyback of Up to 10% of Shares
AI Summary
BV Financial, Inc. announced that it received non-objection from the Federal Reserve Bank of Richmond to initiate a new stock repurchase program. This program authorizes the repurchase of up to 10% of the company's outstanding common stock, totaling approximately 861,000 shares. The new repurchases are expected to commence once the current program, which has about 45,000 shares remaining, is completed.
Key Highlights
- BV Financial received Federal Reserve Bank non-objection for a new stock repurchase program.
- The new program authorizes repurchases of up to 10% of outstanding common stock.
- This equates to approximately 861,000 shares.
- Repurchases are expected to begin after the current program concludes.
- The current repurchase program has approximately 45,000 shares remaining.
- Shares may be repurchased in open market, private transactions, block trades, or Rule 10b5-1 plans.