Stock BuybacksBy The Online Investor Staff, updated Sat., May. 8, 7:23 AM
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Slide #22. Sound Financial Bancorp, Inc.
Sound Financial Bancorp, Inc. (NASDAQ:SFBC)
Sound Financial Bancorp, Inc. (NASDAQ:SFBC) (the "Company"), headquartered in Seattle, WA, the holding company parent of Sound Community Bank, today announced that its Board of Directors has adopted a new stock repurchase program to be effective on April 29, 2021, immediately following the expiration of the Company's current stock repurchase program. Under this new repurchase program, the Company may repurchase its outstanding shares in the open market in an amount up to $2.0 million, based on prevailing market prices, or in privately negotiated transactions, over a period beginning on April 29, 2021, continuing until the earlier of the completion of the repurchase or the next six months, depending upon market conditions.
Sound Financial Bancorp is a bank holding company. Through its subsidiary, Sound Community Bank, Co. is engaged in accepting retail and commercial deposits from the general public and investing those funds, along with borrowed funds, in loans secured by first and second mortgages on one- to four- family residences (including home equity loans and lines of credit), commercial and multifamily real estate, construction and land, consumer and commercial business loans. Co. also sells insurance products and services and provides a variety of deposit accounts to both consumers and businesses, including savings accounts, money market deposit accounts, and negotiable order of withdrawal accounts.
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