Chino Commercial Bancorp (CA): Key Developments
Chino Commercial Bancorp Announces Stock Repurchase Plan
February 25, 2009 |
| Chino Commercial Bancorp announced that its Board of Directors has approved a plan to incrementally repurchase up to an aggregate of $200,000 worth of shares of the Company's common stock. The repurchase program will continue for a period of twelve months, subject to earlier termination at the Company's discretion. The shares would be repurchased at the prevailing market prices from time to time in open market transactions or in privately negotiated transactions during the repurchase period. |
Chino Commercial Bancorp Announces Stock Repurchase Plan
October 23, 2006 |
| Chino Commercial Bancorp and its wholly owned subsidiary, Chino Commercial Bank, N.A., announced that the Board of Directors of Chino Commercial Bancorp has approved a plan to incrementally repurchase up to an aggregate of $3,000,000 in shares of the Company's common stock. The repurchase program, which is contingent upon the completion of a trust preferred security offering by the Company, which offering is currently scheduled to be consummated on or about October 27, 2006, will continue for a period of twelve months, subject to earlier termination at the Company's discretion. The shares would be repurchased at the prevailing market prices from time to time in open market transactions or in privately negotiated transactions during the repurchase period. The timing of the purchases and the number of shares to be repurchased at any given time will depend on market conditions and SEC regulations. It is anticipated that one or more nonemployee directors of the Company will sell a significant amount of the Company's shares to the Company in the repurchase program. |
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Page generated 11/23/2009 12:51 AM Eastern Time
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