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FFB Bancorp announced a stock repurchase program authorized by its Board of Directors to buy back up to $7.5 million of its common stock, roughly 5.4% of its shareholders' equity as of March 31, 2024.
The repurchases can be made through October 25, 2024, via open market purchases, privately negotiated transactions, or a trading plan under SEC Rule 10b5-1.
The timing, manner, price, and amount of repurchases will be determined by the Company based on stock performance, market conditions, and regulatory requirements.
Management believes this plan offers capital management opportunities but is not obligated to repurchase any shares and may alter the plan at any time.