CNB Community Bancorp, Inc. Announces Stock Repurchase Program

Core Viewpoint - CNB Community Bancorp, Inc. has announced a new share repurchase program, authorizing the repurchase of up to $2.5 million of common stock, reflecting confidence in the company's balance sheet and long-term value [1][3]. Group 1: Share Repurchase Program Details - The share repurchase program allows the company to buy back shares in the open market or through private transactions, subject to market conditions and regulatory requirements [1][2]. - The program is set to expire on December 31, 2026, and the timing and number of shares repurchased will depend on various factors including market conditions and corporate liquidity [2]. - The company plans to fund the repurchases from existing funding sources, potentially supplemented by dividends from County National Bank [3]. Group 2: Company Background - CNB Community Bancorp, Inc. is a one-bank holding company established in 2005, with its subsidiary, County National Bank, providing full-service banking since 1934 [4]. - The company is headquartered in Hillsdale, Michigan, and offers banking products along with investment management and trust services to communities in southern Michigan [4].