Mission Bancorp Announces Extension of Stock Repurchase Plan

Rhea-AI Summary

Mission Bancorp (OTC Pink: MSBC) announced an extension of its 2022 10b5-1 stock repurchase plan, previously set to expire on October 23, 2025, now extended for six months through April 23, 2026. The plan authorizes repurchases of common stock up to a maximum of $3.0 million. Remaining funds from the prior authorization will be removed from the plan, and the company may suspend or discontinue the plan at any time. Hilltop Securities is acting as the company’s agent to execute purchases under pre-arranged terms. Mission Bancorp reported $2.0 billion in assets and operates Mission Bank plus two subsidiaries, with eight business banking centers in California.

Positive

• Extension of 10b5-1 plan through April 23, 2026
• Repurchase authorization capped at $3.0 million
• Hilltop Securities named as purchase agent

Negative

• Remaining prior-authorization funds will be removed from the plan
• Plan may be suspended or discontinued at any time

News Market Reaction

-3.06%

1 alert

-3.06% News Effect

On the day this news was published, MSBC declined 3.06%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

BAKERSFIELD, Calif., Oct. 27, 2025 /PRNewswire/ -- Mission Bancorp (OTC Pink: MSBC), announced on April 28, 2025, the extension of its plan under Rule 10b5-1 (the "2022 10b5-1 Plan") to facilitate the repurchase of its common stock. Pursuant to the 2022 10b5-1 Plan, a maximum of $3.0 million of the Company's common stock may be repurchased by the Company. The 2022 10b5-1 Plan was set to expire on October 23, 2025, and has been extended for an additional 6 months through April 23, 2026. The extension authorizes the Company to repurchase its common stock up to a maximum of $3.0 million. Remaining funds associated with the prior authorization will be removed from the Plan and the Company may suspend or discontinue the Plan at any time. Hilltop Securities, Inc. is acting as the Company's agent to purchase its shares on pre-arranged terms pursuant to the 2022 10b5-1 Plan.

About Mission Bancorp

With $2.0 billion in assets, Mission Bancorp is headquartered in Bakersfield, California and is the holding company of three wholly owned subsidiaries, Mission Bank, Mission 1031 Exchange, LLC, and Mission Community Development, LLC. Mission Bank has eight Business Banking Centers, serving the greater areas of Bakersfield, Lancaster, San Luis Obispo, Stockton, Ventura, and Visalia, California. Visit Mission Bank online at www.missionbank.bank. By including the foregoing website address, Mission Bancorp does not intend to, and shall not be deemed to incorporate by reference any material contained therein.

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SOURCE Mission Bank

FAQ

What did Mission Bancorp (MSBC) announce on October 27, 2025 regarding its buyback plan?

Mission Bancorp announced a six-month extension of its 2022 10b5-1 repurchase plan through April 23, 2026, authorizing up to $3.0 million in repurchases.

How much stock can Mission Bancorp (MSBC) repurchase under the extended plan?

The extended 2022 10b5-1 plan authorizes repurchases of common stock up to a maximum of $3.0 million.

When does the extended MSBC 10b5-1 plan expire and how long is the extension?

The plan was extended for six months, moving the expiry from October 23, 2025 to April 23, 2026.

Who will execute Mission Bancorp's (MSBC) repurchases under the 10b5-1 plan?

Hilltop Securities, Inc. is acting as the company’s agent to purchase shares under the pre-arranged 10b5-1 plan.

Will remaining funds from the prior buyback authorization remain available under the extended MSBC plan?

No; remaining funds associated with the prior authorization will be removed from the extended plan.

Can Mission Bancorp (MSBC) stop repurchases under the extended 10b5-1 plan?

Yes; the company may suspend or discontinue the 10b5-1 plan at any time per the announcement.