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CIB Marine Bancshares, Inc. Expands Common Stock Repurchase Plan - CIB Marine Bancshares (OTC:CIBH)
Benzingaยท2025-11-03 10:45

Core Points - CIB Marine Bancshares, Inc. has extended its common stock repurchase program through December 31, 2026, and increased 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 authorized total [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]