Ledyard Financial Group, Inc. Announces Stock Repurchase Program

Rhea-AI Summary

Ledyard Financial Group (OTCQX: LFGP) on Feb 6, 2026 authorized a stock repurchase program to buy up to 173,135 shares, approximately 5% of issued and outstanding common stock. Purchases may be made in the open market and will depend on market conditions and other corporate considerations.

Positive

• Repurchase authorized of up to 173,135 shares (~5%)
• Open-market purchases permitted under the repurchase program

Negative

• No fixed repurchase timetable; purchases depend on market conditions
• Repurchase amount uncertain; actual shares bought may be materially lower

HANOVER, N.H., Feb. 06, 2026 (GLOBE NEWSWIRE) -- Ledyard Financial Group, Inc. (OTCQX®: LFGP) (the “Company”), the holding company for Ledyard National Bank (the “Bank”), today announced that its Board of Directors has authorized the repurchase of up to 173,135 shares of the Company’s common stock, which is approximately 5% of its issued and outstanding common stock.

“We view our stock to be a compelling investment opportunity and believe that repurchasing shares supports the creation of long-term shareholder value,” said Josephine Moran, CEO, President and Chief Executive Officer. Under the repurchase program, shares may be repurchased by the Company in open market purchases. The extent to which the Company repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations.

About the Company

Ledyard Financial Group, Inc., headquartered in Hanover, New Hampshire, is the holding company for Ledyard National Bank, founded in 1991. Ledyard National Bank is a full-service community bank offering a broad range of banking, investment, and wealth management services.

Ledyard Financial Group, Inc. shares can be bought and sold through the NASD sanctioned OTCQX® Best Markets under the trading symbol LFGP. For additional information about the company, stock activity, or financial results please visit the Investor Relations section of bank’s website (www.ledyard.bank).

Forward-Looking Statements

Forward-Looking Statements: Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to loan production, competitive pressure in the banking industry, balance sheet management, net interest margin variations, the effect of changes in equity prices on assets under management, the ability to control costs and expenses, changes in the interest rate environment, financial policies of the United States government, and general economic conditions. Ledyard Financial Group disclaims any obligation to update any such factors.

Transmitted on GlobeNewswire on February 6, 2026 at 9:00 a.m. Eastern Time.

Contact:
Peter J. Sprudzs, CFO
(603) 640-2743
Peter.sprudzs@ledyard.bank

FAQ

What did Ledyard Financial Group (LFGP) announce on February 6, 2026 about stock repurchases?

They authorized a repurchase program for up to 173,135 shares, about 5% of shares outstanding. According to the company, repurchases may occur in the open market and will depend on market conditions and corporate considerations.

How many shares can LFGP buy back under the authorized program and what percentage is that?

The program allows repurchase of up to 173,135 shares, roughly 5% of outstanding common stock. According to the company, that figure represents the maximum authorization, not a firm purchase commitment.

Will Ledyard Financial Group (LFGP) repurchase shares immediately under the new program?

Not necessarily; there is no fixed timetable for buybacks under the program. According to the company, timing and extent of any purchases will depend on market conditions and other corporate considerations.

By what method will LFGP repurchase shares under the authorized program?

Repurchases may be made through open market purchases. According to the company, the program permits market purchases rather than requiring negotiated transactions or tender offers.

What does the LFGP repurchase authorization mean for shareholders in practical terms?

The authorization enables the company to buy shares up to the stated limit, potentially supporting shareholder value. According to the company, actual impact depends on how many shares are repurchased and when purchases occur.