West Coast Community Bancorp Announces Share Repurchase Program
Key Highlights
- ➤$25 million share repurchase program authorized for West Coast Community Bancorp
- ➤Repurchases may occur in open-market or privately negotiated transactions
- ➤Program expires December 31, 2028
- ➤Repurchases remain discretionary and may be suspended, terminated or modified without notice
- ➤Program requires customary regulatory approvals or non-objections
Expert Statements
Krista Snelling, Chairman and Chief Executive Officer of West Coast Community Bancorp
“This share repurchase program reflects our confidence in the strength of our balance sheet and the long-term value of our Company.”
Krista Snelling, Chairman and Chief Executive Officer of West Coast Community Bancorp
“The program represents a disciplined and strategic use of capital, reinforcing our commitment to enhancing shareholder value while maintaining flexibility to invest in future growth.”
SANTA CRUZ, Calif., Nov. 13, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of West Coast Community Bancorp (the “Company”) (Nasdaq: WCCB), the parent company of West Coast Community Bank, announced the approval of a new share repurchase program. Under the share repurchase program, the Company is authorized to repurchase up to $25 million of the Company’s common stock in the open market or through privately negotiated transactions as market conditions warrant. The program does not obligate the Company to repurchase any specified number of shares.
The timing and price of repurchases as well as the actual number of shares repurchased under the program will be at the discretion of the Company and will depend on a variety of factors, including general market conditions, the stock price, regulatory requirements and limitations, corporate liquidity requirements and priorities and other factors. The share repurchase program expires December 31, 2028.
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