American Business Bank Announces Stock Repurchase Program
American Business Bank (OTCQX: AMBZ) has announced its first-ever stock repurchase program, authorizing the buyback of up to 227,541 shares, representing 2.5% of its outstanding common stock. The program will commence after the release of Q4 earnings and will run until January 7, 2026.
The bank will execute repurchases through open market, block purchases, or private transactions at management's discretion, based on market conditions and stock prices. CEO Leon Blankstein emphasized that strong earnings have positioned the bank to maintain robust capital levels while enhancing shareholder returns through this program.
The initiative aims to provide additional liquidity for shareholders and effectively manage capital levels, highlighting the bank's strong long-term financial performance.
American Business Bank (OTCQX: AMBZ) ha annunciato il suo primo programma di riacquisto di azioni, autorizzando il buyback di fino a 227.541 azioni, pari al 2,5% delle sue azioni ordinarie in circolazione. Il programma inizierà dopo la pubblicazione dei risultati Q4 e durerà fino al 7 gennaio 2026.
La banca procederà ai riacquisti tramite il mercato aperto, acquisti in blocco o transazioni private a discrezione della direzione, in base alle condizioni di mercato e ai prezzi delle azioni. Il CEO Leon Blankstein ha sottolineato che i risultati solidi hanno posizionato la banca per mantenere livelli di capitale robusti, migliorando al contempo i rendimenti per gli azionisti attraverso questo programma.
L'iniziativa mira a fornire maggiore liquidità agli azionisti e a gestire efficacemente i livelli di capitale, evidenziando le solide performance finanziarie a lungo termine della banca.
American Business Bank (OTCQX: AMBZ) ha anunciado su primer programa de recompra de acciones, autorizando la recompra de hasta 227,541 acciones, lo que representa el 2.5% de sus acciones ordinarias en circulación. El programa comenzará después de la publicación de los resultados del cuarto trimestre y se extenderá hasta el 7 de enero de 2026.
El banco llevará a cabo las recompras a través del mercado abierto, compras en bloque o transacciones privadas a discreción de la dirección, según las condiciones del mercado y los precios de las acciones. El CEO Leon Blankstein enfatizó que las sólidas ganancias han posicionado al banco para mantener niveles de capital robustos mientras mejora los retornos para los accionistas a través de este programa.
La iniciativa tiene como objetivo proporcionar liquidez adicional a los accionistas y gestionar efectivamente los niveles de capital, destacando el sólido rendimiento financiero a largo plazo del banco.
아메리칸 비즈니스 뱅크 (OTCQX: AMBZ)는 처음으로 주식 매입 프로그램을 발표하며, 최대 227,541주의 매입을 승인하였으며, 이는 발행된 보통주식의 2.5%에 해당합니다. 이 프로그램은 4분기 실적 발표 이후 시작되며 2026년 1월 7일까지 진행될 예정입니다.
은행은 시장 상황과 주가에 따라 경영진의 재량으로 공개 시장, 블록 구매 또는 사적인 거래를 통해 매입을 실행할 것입니다. CEO 레온 블랭크스타인은 강력한 실적이 은행이 안정적인 자본 수준을 유지하고 이 프로그램을 통해 주주 수익을 향상시킬 수 있는 기반을 마련했다고 강조했습니다.
이번 이니셔티브는 주주에게 추가적인 유동성을 제공하고 자본 수준을 효과적으로 관리하는 것을 목표로 하며, 은행의 강력한 장기 재무 성과를 강조합니다.
American Business Bank (OTCQX: AMBZ) a annoncé son tout premier programme de rachat d'actions, autorisant le rachat de jusqu'à 227 541 actions, représentant 2,5 % de ses actions ordinaires en circulation. Le programme commencera après la publication des résultats du quatrième trimestre et se déroulera jusqu'au 7 janvier 2026.
La banque exécutera les rachats par le biais du marché ouvert, d'achats en bloc ou de transactions privées à la discrétion de la direction, en fonction des conditions du marché et des prix des actions. Le PDG Leon Blankstein a souligné que des bénéfices solides ont positionné la banque pour maintenir des niveaux de capital robustes tout en améliorant les rendements pour les actionnaires grâce à ce programme.
Cette initiative vise à fournir une liquidité supplémentaire aux actionnaires et à gérer efficacement les niveaux de capital, mettant en évidence les solides résultats financiers à long terme de la banque.
American Business Bank (OTCQX: AMBZ) hat sein erstes Aktienrückkaufprogramm angekündigt und die Rückkäufe von bis zu 227.541 Aktien genehmigt, was 2,5% der ausstehenden Stammaktien entspricht. Das Programm beginnt nach der Veröffentlichung der Q4-Ergebnisse und läuft bis zum 7. Januar 2026.
Die Bank wird die Rückkäufe nach Ermessen des Managements durch den offenen Markt, Blockkäufe oder private Transaktionen durchführen, basierend auf den Marktbedingungen und Aktienkursen. CEO Leon Blankstein betonte, dass starke Gewinne die Bank in die Lage versetzt haben, robuste Kapitalniveaus aufrechtzuerhalten und gleichzeitig die Renditen der Aktionäre durch dieses Programm zu erhöhen.
Die Initiative zielt darauf ab, den Aktionären zusätzliche Liquidität zu bieten und die Kapitalniveaus effektiv zu verwalten, was die starke langfristige finanzielle Leistung der Bank hervorhebt.
- First stock repurchase program authorized for 227,541 shares (2.5% of outstanding stock)
- Strong earnings performance enabling share buybacks while maintaining capital position
- Program provides additional liquidity for shareholders
- None.
The Stock Buy Back Program will become effective following the issuance of the Bank’s fourth quarter earnings release, consistent with the Bank’s trading policies and will expire on January 7, 2026 unless terminated or completed earlier by the Bank. The shares may be repurchased in the open market, by block purchases, or in privately negotiated transactions. Repurchases will be made at management’s discretion at prices management considers to be attractive and in the best interests of both the Bank and its shareholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Bank’s financial performance. Open market purchases will be subject to Securities and Exchange Commission and other applicable legal requirements. The Stock Buy Back Program may be terminated or amended by the Bank at any time prior to the expiration date.
Leon Blankstein, Chief Executive Officer and Director, stated, “Our strong earnings over the past several years have allowed us the ability to repurchase shares and maintain a strong capital position. Share repurchases provide an important tool for managing capital levels, improving shareholder returns and providing additional liquidity for shareholders to sell shares. This new program provides the opportunity to repurchase shares over the next year and to highlight the Bank’s strong long-term financial performance. We believe that repurchases represent a value-enhancing deployment of capital.”
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ABOUT AMERICAN BUSINESS BANK
American Business Bank, headquartered in downtown
View source version on businesswire.com: https://www.businesswire.com/news/home/20250114687144/en/
Karen Schoenbaum
EVP/CFO
(213) 430-4000
www.americanbb.bank
Source: American Business Bank
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