Commencement Bancorp, Inc. (CBWA) Announces Stock Repurchase Plan
Commencement Bancorp (OTCQX:CBWA) has announced a stock repurchase program approved by its Board of Directors. The program allows for share repurchases through open market transactions, private dealings, and block trades, potentially incorporating a Rule 10b5-1 trading plan under the Securities Exchange Act of 1934.
The repurchase program will run from February 5, 2025, to February 4, 2026. The execution of the program will be subject to SEC requirements and various constraints related to price, volume, and timing. The actual implementation details, including the number and value of shares to be repurchased, will depend on multiple factors such as trading plan constraints, market conditions, share price, and alternative investment opportunities.
Commencement Bancorp (OTCQX:CBWA) ha annunciato un programma di riacquisto di azioni approvato dal Consiglio di Amministrazione. Il programma consente riacquisti di azioni tramite transazioni nel mercato aperto, trattative private e operazioni in blocco, potenzialmente incorporando un piano di trading Rule 10b5-1 ai sensi del Securities Exchange Act del 1934.
Il programma di riacquisto sarà attivo dal 5 febbraio 2025 al 4 febbraio 2026. L'esecuzione del programma sarà soggetta ai requisiti della SEC e a vari vincoli relativi a prezzo, volume e tempistiche. I dettagli effettivi di implementazione, compreso il numero e il valore delle azioni da riacquistare, dipenderanno da molteplici fattori come i vincoli del piano di trading, le condizioni di mercato, il prezzo delle azioni e le opportunità di investimento alternative.
Commencement Bancorp (OTCQX:CBWA) ha anunciado un programa de recompra de acciones aprobado por su Junta Directiva. El programa permite la recompra de acciones a través de transacciones en el mercado abierto, acuerdos privados y operaciones en bloque, potencialmente incorporando un plan de trading Regla 10b5-1 bajo la Ley de Bolsa de Valores de 1934.
El programa de recompra estará en vigor desde 5 de febrero de 2025 hasta 4 de febrero de 2026. La ejecución del programa estará sujeta a los requisitos de la SEC y a diversas restricciones relacionadas con el precio, el volumen y el tiempo. Los detalles reales de implementación, incluido el número y el valor de las acciones a recomprar, dependerán de múltiples factores como las restricciones del plan de trading, las condiciones del mercado, el precio de las acciones y las oportunidades de inversión alternativas.
Commencement Bancorp (OTCQX:CBWA)는 이사회에서 승인한 주식 매입 프로그램을 발표했습니다. 이 프로그램은 공개 시장 거래, 사적 거래 및 블록 거래를 통해 주식 매입을 허용하며, 1934년 증권 거래법에 따라 10b5-1 거래 계획을 포함할 수 있습니다.
매입 프로그램은 2025년 2월 5일부터 2026년 2월 4일까지 진행됩니다. 프로그램 실행은 SEC 요구사항과 가격, 거래량 및 타이밍과 관련된 다양한 제약을 준수해야 합니다. 실제 실행 세부사항, 즉 매입할 주식의 수와 가치 등은 거래 계획 제약, 시장 조건, 주가 및 대체 투자 기회와 같은 여러 요인에 따라 달라질 것입니다.
Commencement Bancorp (OTCQX:CBWA) a annoncé un programme de rachat d'actions approuvé par son Conseil d'Administration. Le programme permet le rachat d'actions par le biais de transactions sur le marché libre, de négociations privées et de transactions en bloc, intégrant potentiellement un plan de trading de la règle 10b5-1 conformément à la loi sur les valeurs mobilières de 1934.
Le programme de rachat sera en vigueur du 5 février 2025 au 4 février 2026. L'exécution du programme sera soumise aux exigences de la SEC et à diverses contraintes liées au prix, au volume et au timing. Les détails de mise en œuvre réels, y compris le nombre et la valeur des actions à racheter, dépendront de multiples facteurs tels que les contraintes du plan de trading, les conditions du marché, le prix des actions et les opportunités d'investissement alternatives.
Commencement Bancorp (OTCQX:CBWA) hat ein von seinem Vorstand genehmigtes Aktienrückkaufprogramm bekannt gegeben. Das Programm ermöglicht den Rückkauf von Aktien durch Transaktionen auf dem offenen Markt, private Geschäfte und Blockgeschäfte und könnte einen Regel 10b5-1 Handelsplan gemäß dem Securities Exchange Act von 1934 beinhalten.
Das Rückkaufprogramm wird vom 5. Februar 2025 bis zum 4. Februar 2026 laufen. Die Ausführung des Programms unterliegt den Anforderungen der SEC und verschiedenen Einschränkungen in Bezug auf Preis, Volumen und Zeitplanung. Die tatsächlichen Umsetzungsdetails, einschließlich der Anzahl und des Werts der zurückzukaufenden Aktien, hängen von mehreren Faktoren ab, wie den Beschränkungen des Handelsplans, den Marktbedingungen, dem Aktienkurs und alternativen Anlagechancen.
- Board approval of share repurchase program indicates confidence in company's financial position
- Program provides potential support for stock price through systematic buying
- Flexibility in execution methods (open market, private transactions, block trades)
- No specific repurchase amount or limit disclosed
- Program execution subject to multiple constraints and conditions
- Capital allocation to buybacks may limit other investment opportunities
TACOMA, WA / ACCESS Newswire / February 5, 2025 / Commencement Bancorp, Inc. (OTCQX:CBWA) (the "Company") announced today that its Board of Directors adopted a stock repurchase program for the purpose of repurchasing a limited number of shares of the Company's common stock. The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
The repurchase program will cover the repurchase of shares commencing no earlier than February 5, 2025, and expiring February 4, 2026. Repurchases are subject to SEC requirements as well as certain price, volume, and timing constraints specified in the plan. The actual timing, number and value of shares repurchased under the repurchase program will depend on a number of factors, including constraints specified in any Rule 10b5-1 trading plans, price, general business and market conditions, and alternative investment opportunities.
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About Commencement Bancorp, Inc.
Commencement Bancorp, Inc. is the holding company for Commencement Bank, headquartered in Tacoma, Washington. Commencement Bank was formed in 2006 to provide traditional, reliable, and sustainable banking in Pierce, King, and Thurston counties and the surrounding areas. Their team of experienced banking experts focuses on personal attention, flexible service, and building strong relationships with customers through state-of-the-art technology as well as traditional delivery systems. As a local bank, Commencement Bank is deeply committed to the community. For more information, please visit www.commencementbank.com. For information related to the trading of CBWA, please visit www.otcmarkets.com.
For further discussion, please contact the following:
John E. Manolides, Chief Executive Officer | 253-284-1802
Nigel L. English, President & Chief Operating Officer | 253-284-1801
Brandi Parker, Executive Vice President & Chief Financial Officer | 253-284-1803
Forward-Looking Statement Safe Harbor: This news release contains comments or information that constitutes forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Forward-looking statements describe Commencement Bancorp, Inc.'s and Commencement Bank's projections, estimates, plans and expectations of future results and can be identified by words such as "believe," "intend," "estimate," "likely," "anticipate," "expect," "looking forward," and other similar expressions. They are not guarantees of future performance. Actual results may differ materially from the results expressed in these forward-looking statements, which because of their forward-looking nature, are difficult to predict. Investors should not place undue reliance on any forward-looking statement, and should consider factors that might cause differences including but not limited to the degree of competition by traditional and nontraditional competitors, declines in real estate markets, an increase in unemployment or sustained high levels of unemployment; changes in interest rates; greater than expected costs to integrate acquisitions, adverse changes in local, national and international economies; changes in the Federal Reserve's actions that affect monetary and fiscal policies; changes in legislative or regulatory actions or reform, including without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act; demand for products and services; changes to the quality of the loan portfolio and our ability to succeed in our problem-asset resolution efforts; the impact of technological advances; changes in tax laws; and other risk factors. Neither Commencement Bancorp, Inc. nor Commencement Bank undertakes any obligation to publicly update or clarify any forward-looking statement to reflect the impact of events or circumstances that may arise after the date of this release.
SOURCE: Commencement Bank
View the original press release on ACCESS Newswire
FAQ
When does Commencement Bancorp's (CBWA) stock repurchase program begin and end?
What methods can CBWA use to repurchase shares under the new program?
What factors will determine the actual number of CBWA shares repurchased?
What regulatory requirements must CBWA follow for the stock repurchase program?
