Sound Financial Bancorp, Inc. Buyback
OLI recorded this information on 1/26/2024
Company:
Sound Financial Bancorp, Inc.
Buyback:
SFBC buyback
$Amount Authorized:
$1,500,000
Buyback Details:
Sound Financial Bancorp, Inc. (NASDAQ:SFBC) (the "Company"), the parent holding company of Sound Community Bank, today announced that its Board of Directors approved a new stock repurchase program, authorizing the Company to purchase up to $1.5 million of the Company's issued and outstanding common stock over a period of 12 months expiring on January 26, 2025. Under the Company's existing stock repurchase program, scheduled to expire on January 31, 2024, the Company has repurchased 107,735 shares of common stock at an aggregate cost of approximately $4.0 million.
Sound Financial Bancorp is a bank holding company. Through its subsidiaries, Co.'s principal business consists of accepting retail and commercial deposits from the public and investing those funds, along with borrowed funds, in loans secured by first and second mortgages on one-to-four family residences (such as home equity loans and lines of credit), commercial and multifamily real estate, construction and land, consumer and commercial business loans. Co.'s commercial business loans include unsecured lines of credit and secured term loans and lines of credit. Co. also provides consumer loan products, including manufactured home loans, floating home loans, automobile loans, and boat loans.
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