Preferred Bank (PFBC) Announces New $50M Share Buyback
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Preferred Bank Announces Continuation of Share Repurchase Plan
January 9, 2024 4:01 PM ESTLOS ANGELES, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (the Bank), an independent commercial bank, today announced that the Board of Directors has approved the repurchase of another $50 million of the Banks common stock. The shares will be purchased in the open market.
Recall that at the Annual Shareholders Meeting on May 16, 2023, the Banks shareholders approved a stock repurchase plan which calls for the repurchase of up... More
