MVB Financial Corp. announced that its Board of Directors authorized a new stock repurchase program of up to $10 million of the company's common stock. This program is set to commence in May 2025.
The repurchase program will continue until the $10 million is expended or until it is terminated or completed by the company. Purchases may be executed through various methods, including open-market transactions and privately negotiated deals.
CEO Larry F. Mazza stated that MVB's strong capital position provides the opportunity to implement this program. This initiative is intended to further strengthen the company's shareholder value proposition.
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