BayCom (BCML) Announces 747K Share Buyback

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Go back to BayCom (BCML) Announces 747K Share Buyback

BayCom Corp Announces Adoption of Stock Repurchase Program

December 15, 2021 4:30 PM EST

WALNUT CREEK, Calif.--(BUSINESS WIRE)-- BayCom Corp (NASDAQ: BCML) (BayCom or the Company), the parent company of United Business Bank, today announced that its Board of Directors (the Board) approved a stock repurchase program for the repurchase of up to 747,000 shares of its common stock, or approximately 7% of its outstanding shares, over a one year period through open market purchases, privately-negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934.

The Board also authorized the Company to establish Rule 10b5-1 trading plans. Rule 10b5-1 trading plans allow companies to repurchase shares at... More