Bogota Financial Corp. Adopts and Receives Regulatory Approval of Sixth Repurchase Program

Core Viewpoint - Bogota Financial Corp. has received regulatory approval for a stock repurchase program to buy back up to 237,590 shares, representing approximately 5% of its outstanding common stock [1] Group 1: Stock Repurchase Program - The repurchase program is the sixth initiated by the Company [1] - Shares may be repurchased through open market or private transactions, or under a trading plan compliant with SEC Rule 10b5-1 [2] - The program has no expiration date and can be suspended, terminated, or modified at any time [3] - There is no obligation for the Company to repurchase a specific number of shares, and the timing and amount will depend on various factors including market conditions and the Company's financial performance [3] Group 2: Company Overview - Bogota Financial Corp. is a Maryland corporation and the mid-tier holding company for Bogota Savings Bank, which has been serving customers in New Jersey since 1893 [4] - The Bank operates seven offices in New Jersey and has a loan production office in Spring Lake [4]