Western New England Bancorp(US:WNEB) Globenewswireยท2025-06-03 20:30Core Viewpoint - Western New England Bancorp, Inc. has successfully completed its 2024 stock repurchase plan, demonstrating a commitment to capital management and shareholder returns through share buybacks and dividends [1][3]. Group 1: Stock Repurchase Plans - The 2024 Repurchase Plan allowed the company to repurchase 1.0 million shares, approximately 4.6% of its outstanding shares, at an average price of $8.79 per share [1]. - A new stock repurchase plan was authorized on April 22, 2025, permitting the repurchase of an additional 1.0 million shares, or about 4.8% of the company's outstanding shares, following the completion of the 2024 plan [2]. Group 2: Management Commentary - The President and CEO expressed satisfaction with the completion of the repurchase plan, indicating that share repurchases are a prudent use of capital and enhance total shareholder returns [3]. Group 3: Company Overview - Western New England Bancorp, Inc. is a Massachusetts-chartered stock holding company and the parent of Westfield Bank, operating 25 banking offices in western Massachusetts and northern Connecticut [4].