Hawthorn Bancshares Announces New Common Stock Repurchase Program

Core Viewpoint - Hawthorn Bancshares, Inc. has announced a new common stock repurchase program authorizing the repurchase of up to $10.0 million in market value of its common stock, replacing the previous program [1] Summary by Sections Stock Repurchase Program - The management has been given discretion to determine the number and pricing of shares to be purchased, as well as the timing of such purchases, which will depend on market conditions [2] - The program has no termination date and may be suspended or discontinued at any time, without obligating the company to acquire any specific amount of common stock [2] Use of Repurchased Shares - Repurchased shares will be held in treasury and may be utilized for general corporate purposes, including stock-based employee benefit plans and stock dividends [3] - The stock repurchases are expected to be funded by cash generated through cash on hand, operations, and other sources [3] Company Overview - Hawthorn Bancshares, Inc. is a financial-bank holding company headquartered in Jefferson City, Missouri, and is the parent company of Hawthorn Bank, which has been serving families and businesses for over 150 years [4] - The bank operates multiple locations, including in the greater Kansas City metropolitan area, Jefferson City, Columbia, Springfield, and Clinton [4]