BV Financial received Fed non-objection for a new stock repurchase program of up to 10% of outstanding shares, commencing after current program completion.
Key takeaways
New buyback authorization for up to ~861,000 shares (10% of outstanding).
Repurchases will start after current program with ~45,000 shares remaining is completed.
Purchases may be made via open market, private transactions, block trades, or 10b5-1 plans.
Timing and amount depend on market conditions, stock price, capital needs, and financial performance.
Company is not obligated to repurchase any specific number of shares.