CIB Marine Bancshares, Inc. Expands Common Stock Repurchase Plan

Core Points - CIB Marine Bancshares, Inc. has authorized an extension of its common stock repurchase program through December 31, 2026, increasing the total repurchase authorization from $1 million to $2.5 million [1][2] - The company has repurchased approximately $876,000 of its common stock under the program, indicating significant progress towards the total authorized amount [2] - The extension and increase in the repurchase program reflect the company's commitment to enhancing shareholder value and maintaining capital management flexibility [2][3] Company Overview - CIB Marine Bancshares, Inc. is the parent company of CIBM Bank, which operates nine banking offices and has mortgage loan officers and/or offices in six states [4] - The company aims to deploy capital in ways that benefit shareholders and support sustainable growth while maintaining a strong regulatory capital position [3]