PCB Bancorp Announces Extension Of Stock Repurchase Plan From August 2, 2024 To August 1, 2025. As Of July 24, 2024, The Co Has Repurchased And Retired 142,223 Shares Of Its Common Stock, Leaving An Aggregate Of 577,777 Shares In Authorized For Repurchase Under The Repurchase Program Amendment
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank, announced that on July 24, 2024, its Board of Directors approved an amendment (the "Repurchase Program Amendment") to its current repurchase program that was approved and announced on August 2, 2023. The original repurchase program authorized the repurchase of up to 720,000 shares of the Company's outstanding common stock, which was then approximately 5% of the outstanding share, through August 2, 2024. The Repurchase Program Amendment extends the expiration date from August 2, 2024 to August 1, 2025. As of July 24, 2024, the Company has repurchased and retired 142,223 shares of its common stock, leaving an aggregate of 577,777 shares in authorized for repurchase under the Repurchase Program Amendment.