Open Bank. (OPBK) Announces 500K Stock Repurchase Program

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Go back to Open Bank. (OPBK) Announces 500K Stock Repurchase Program

OP Bancorp Announces Additional Stock Repurchase Program

February 28, 2020 4:30 PM EST

LOS ANGELES--(BUSINESS WIRE)-- OP Bancorp (the Company) (NASDAQ: OPBK), the holding company of Open Bank (the Bank), announced today that its Board of Directors approved a new stock repurchase program that authorizes the Company to repurchase up to 500,000 shares of its common stock.

This stock purchase program will reinforce the Companys confidence in the stock to the Market, said Min Kim, President and Chief Executive Officer of OP Bancorp and Open Bank.

The Company completed its first stock repurchase program that was announced in January of 2019 on August 23, 2019 with total purchases of... More