FVCBankcorp Inc. (FVCB) Extends 1.3M Share Buyback

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Go back to FVCBankcorp Inc. (FVCB) Extends 1.3M Share Buyback

FVCBankcorp Announces Extension of Share Repurchase Program

March 21, 2024 4:05 PM EDT

FAIRFAX, Va.--(BUSINESS WIRE)-- FVCBankcorp, Inc. (Nasdaq: FVCB) (the Company) announced today that its Board of Directors has extended its share repurchase program that was initiated in 2020. Under the repurchase program, the Company may repurchase up to 1,300,000 shares of its common stock, or approximately 7% of its outstanding shares of common stock at December 31, 2023. The repurchase program will expire on March 31, 2025, subject to earlier termination of the program by the Board of Directors.

During 2023, the Company repurchased 115,750 shares of its common stock during open trading window periods.

Repurchases may be... More