Affinity Bancshares, Inc. announced the adoption of a stock repurchase program.
The program allows for the repurchase of up to 304,524 shares of common stock.
Repurchases can occur through various methods, including open market transactions and block trades.
Stock Repurchase Program Adoption
The Board of Directors has approved the repurchase of up to 5% of outstanding shares.
Repurchase Methods
Shares may be repurchased through open market or private transactions, block trades, or under Rule 10b5-1.
Discretionary Repurchases
Management will repurchase shares at attractive prices in the best interests of the Company and stockholders.
- The repurchase program provides flexibility for the Company to manage capital allocation effectively.
- Market conditions, stock trading prices, and financial performance will influence the timing and volume of share repurchases.
The adoption of the stock repurchase program demonstrates the Company's commitment to enhancing shareholder value and utilizing capital efficiently.