Bogota Financial Corp. Adopts and Receives Regulatory Approval of Sixth Repurchase Program
Bogota Financial Corp. (NASDAQ: BSBK) has received regulatory approval for its sixth stock repurchase program, allowing the company to buy back up to 237,590 shares of its common stock. This represents approximately 5% of its outstanding common stock, excluding shares held by Bogota Financial, MHC.
The repurchase program has no expiration date and can be conducted through open market or private transactions, with flexibility to suspend, terminate, or modify the program. The timing and volume of repurchases will be influenced by factors including stock availability, market conditions, trading price, capital allocation alternatives, and company performance.
Bogota Financial Corp. (NASDAQ: BSBK) ha ottenuto l'approvazione normativa per il suo sesto programma di riacquisto di azioni, che consente alla società di riacquistare fino a 237,590 azioni ordinarie. Ciò rappresenta circa il 5% del capitale sociale ordinario in circolazione, escludendo le azioni detenute da Bogota Financial, MHC.
Il programma non ha una data di scadenza e può essere eseguito tramite operazioni sul mercato aperto o transazioni private, con la flessibilità di sospendere, terminare o modificare il piano. Tempistiche e volumi dei riacquisti saranno influenzati da fattori quali la disponibilità delle azioni, le condizioni di mercato, il prezzo di negoziazione, le alternative di allocazione del capitale e la performance della società.
Bogota Financial Corp. (NASDAQ: BSBK) ha recibido la aprobación regulatoria para su sexto programa de recompra de acciones, que permite a la compañía comprar hasta 237,590 acciones ordinarias. Esto representa aproximadamente el 5% de sus acciones ordinarias en circulación, excluyendo las mantenidas por Bogota Financial, MHC.
El programa no tiene fecha de expiración y puede llevarse a cabo mediante operaciones en mercado abierto o transacciones privadas, con flexibilidad para suspender, terminar o modificar el programa. El momento y el volumen de las recompras estarán condicionados por factores como la disponibilidad de acciones, las condiciones del mercado, el precio de negociación, las alternativas de asignación de capital y el desempeño de la compañía.
Bogota Financial Corp. (NASDAQ: BSBK)는 여섯 번째 자사주 매입 프로그램에 대한 규제 승인을 받아 최대 237,590주의 보통주를 재매입할 수 있게 되었습니다. 이는 Bogota Financial, MHC가 보유한 주식을 제외한 발행 보통주의 약 5%에 해당합니다.
이 매입 프로그램에는 만기일이 없으며 공개 시장이나 사적 거래를 통해 진행할 수 있고, 프로그램을 일시 중단·종료·변경할 수 있는 유연성이 있습니다. 매입의 시기와 규모는 주식의 가용성, 시장 상황, 거래 가격, 자본 배분 대안 및 회사 실적 등 여러 요인에 따라 달라집니다.
Bogota Financial Corp. (NASDAQ: BSBK) a obtenu l'approbation réglementaire pour son sixième programme de rachat d'actions, lui permettant de racheter jusqu'à 237,590 actions de ses actions ordinaires. Cela représente environ 5% de ses actions ordinaires en circulation, hors actions détenues par Bogota Financial, MHC.
Le programme de rachat n'a pas de date d'expiration et peut être réalisé sur le marché ouvert ou par des transactions privées, avec la possibilité de suspendre, mettre fin ou modifier le programme. Le calendrier et le volume des rachats dépendront de facteurs tels que la disponibilité des actions, les conditions de marché, le cours, les alternatives d'allocation du capital et les performances de la société.
Bogota Financial Corp. (NASDAQ: BSBK) hat die behördliche Genehmigung für sein sechstes Aktienrückkaufprogramm erhalten, das der Gesellschaft den Rückkauf von bis zu 237,590 Aktien ihrer Stammaktien ermöglicht. Dies entspricht ungefähr 5% der ausstehenden Stammaktien, ohne die von Bogota Financial, MHC gehaltenen Aktien.
Das Rückkaufprogramm hat kein Ablaufdatum und kann über den offenen Markt oder durch private Transaktionen durchgeführt werden; das Unternehmen kann das Programm aussetzen, beenden oder anpassen. Zeitpunkt und Umfang der Rückkäufe werden von Faktoren wie der Verfügbarkeit der Aktien, den Marktbedingungen, dem Kursniveau, Alternativen der Kapitalallokation und der Unternehmensentwicklung beeinflusst.
- Authorization to repurchase 5% of outstanding common stock
- Flexibility in repurchase execution with no expiration date
- Program demonstrates company's commitment to returning value to shareholders
- No guarantee on the exact number of shares to be repurchased
- Repurchase execution dependent on market conditions and stock price
TEANECK, N.J., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Bogota Financial Corp. (the “Company”) (Nasdaq: BSBK), the holding company for Bogota Savings Bank (the “Bank”), announced that it has received regulatory approval for the repurchase of up to 237,590 shares of its common stock, which is approximately
Shares may be repurchased in open market or private transactions or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.
The repurchase program has no expiration date and may be suspended, terminated or modified at any time for any reason. The stock repurchase program does not obligate the Company to purchase any particular number of shares, and there is no guarantee as to the exact number of shares to be repurchased by the Company. The timing and amount of any repurchases will depend on a number of factors, including the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company’s financial performance. Open market purchases will be made in accordance with Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements.
About Bogota Financial Corp.
Bogota Financial Corp. is a Maryland corporation organized as the mid-tier holding company of Bogota Savings Bank and is the majority-owned subsidiary of Bogota Financial, MHC. Bogota Savings Bank is a New Jersey chartered stock savings bank that has served the banking needs of its customers in northern and central New Jersey since 1893. It operates from seven offices located in Bogota, Hasbrouck Heights, Newark, Oak Ridge, Parsippany, Teaneck and Upper Saddle River, New Jersey and operates a loan production office in Spring Lake, New Jersey.
Forward-Looking Statements
This press release contains certain forward-looking statements about the Company and the Bank. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, changes in the interest rate environment, inflation, general economic conditions or conditions within the securities markets, changes in the quality of our loan and security portfolios, increases in non-performing and classified loans, and legislative, accounting and regulatory changes that could adversely affect the business in which the Company and the Bank are engaged.
The Company undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release.
Contact Information
For Bogota Financial Corp.:
Kevin Pace
President and Chief Executive Officer
(201) 862-0660 ext. 1110
FAQ
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