CB Financial Services, Inc. Buyback
OLI recorded this information on 11/20/2019
CB Financial Services, Inc.
CB Financial Services, Inc. (the "Company") (NASDAQ: CBFV), the holding company for Community Bank, announced today that its Board of Directors has authorized a program to repurchase up to $5 million of the Company's outstanding common stock, which represents approximately 3.2% of the outstanding shares based on the Company's closing stock price on November 19, 2019. The program is effective November 25, 2019 and authorized through November 24, 2020.
CB Financial Services is bank holding company. Through its wholly owned subsidiary, Community Bank (the Bank), Co. provides residential and commercial real estate loans, commercial and industrial loans, and consumer loans as well as a variety of deposit products for individuals and businesses in its market area. In addition, the Bank is the sole shareholder of Exchange Underwriters, Inc., a wholly-owned subsidiary that is an independent insurance agency that provides property and casualty, commercial liability, surety and other insurance products.
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Hold (2.00 out of 4)