Oak View Bankshares, Inc. Share Repurchase Program

Rhea-AI Summary

Oak View Bankshares (OTCID: OAKV) announced a share repurchase program effective April 17, 2026 through April 16, 2027 to buy up to $1.4 million of common stock.

Repurchases may occur in privately negotiated or open market transactions, including under Rule 10b5-1 or Rule 10b-18 plans. Any repurchased shares will be returned to authorized and unissued status. Management will determine timing, number, and price at its discretion, and there is no assurance any shares will be repurchased.

AI-generated analysis. Not financial advice.

Positive

• Authorized share repurchase of $1.4 million
• Repurchases permitted under Rule 10b5-1 and Rule 10b-18

Negative

• No assurance the company will repurchase any shares
• Timing, quantity, and price set at management discretion

News Market Reaction – OAKV

+0.78%

1 alert

+0.78% News Effect

On the day this news was published, OAKV gained 0.78%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

WARRENTON, VA / ACCESS Newswire / April 17, 2026 / Oak View Bankshares, Inc. (the "Company") (OTCID:OAKV), parent company of Oak View National Bank (the "Bank"), today announced that its Board of Directors has authorized a share repurchase program, effective April 17, 2026, through April 16, 2027, to repurchase up to $1.4 million of the Company's common stock. Repurchases under the program may be made through privately negotiated transactions or open market transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended. Any shares repurchased will be returned to the status of authorized and unissued shares of common stock. The timing, number and purchase price of shares repurchased under the program, if any, will be determined by management in its discretion and will depend on a number of factors, including the market price of the shares, general market and economic conditions, applicable legal requirements and other conditions, and there is no assurance that the Company will repurchase any shares under the program.

About Oak View Bankshares, Inc. and Oak View National Bank

Oak View Bankshares, Inc. is the parent bank holding company for Oak View National Bank, a locally owned and managed community bank serving Fauquier, Culpeper, Rappahannock, and surrounding Counties. For more information about Oak View Bankshares, Inc. and Oak View National Bank, please visit our website at www.oakviewbank.com. Member FDIC.

For additional information, contact Tammy Frazier, Executive Vice President & Chief Financial Officer, Oak View Bankshares, Inc., at 540-359-7155.

Cautionary Note Regarding Forward-Looking Statements

Any statements in this release about expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "would," "predict," "potential," "believe," "likely," "expect," "anticipate," "seek," "estimate," "intend," "plan," "project" and similar expressions. Accordingly, these statements involve estimates, assumptions, and uncertainties, and actual results may differ materially from those expressed in such statements. There are many factors that could cause actual results or outcomes to differ materially from those expressed in forward-looking statements made by the Company, and you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and the Company does not undertake any obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events.

SOURCE: Oak View Bankshares, Inc.

View the original press release on ACCESS Newswire

FAQ

What did Oak View Bankshares (OAKV) announce about a share repurchase on April 17, 2026?

The company authorized a repurchase program to buy up to $1.4 million of common stock through April 16, 2027. According to the company, repurchases may be made in private or open market transactions including under Rule 10b5-1 or Rule 10b-18.

How long is the OAKV share repurchase program effective and what is the size?

The program runs from April 17, 2026 through April 16, 2027 with authorization up to $1.4 million. According to the company, actual repurchases, if any, depend on market and legal conditions.

How will Oak View Bankshares (OAKV) execute repurchases under the program?

Repurchases may occur via privately negotiated transactions or open market trades, including trading plans under Rule 10b5-1 or Rule 10b-18. According to the company, the method will be chosen by management based on market conditions and legal requirements.

Will repurchased OAKV shares be retired or held as treasury stock?

Any repurchased shares will be returned to the status of authorized and unissued common stock, not held as treasury. According to the company, repurchased shares will be restored to authorized/unissued status.

Does Oak View Bankshares (OAKV) guarantee it will repurchase shares under the program?

No, the company made no guarantee and stated there is no assurance any shares will be repurchased. According to the company, purchases depend on price, market conditions, legal requirements, and other factors.