other material
confidence high
sentiment positive
materiality 0.55
Bogota Financial receives regulatory approval to repurchase up to 556,631 shares (10% of outstanding)
Bogota Financial Corp.
- Third stock repurchase program authorized by board; up to 556,631 shares (~10% of outstanding common stock excluding MHC shares).
- Regulatory approval received October 3, 2022; repurchases expected after release of Q3 2022 results.
- Repurchases may be executed via open market, private transactions, or a Rule 10b5-1 trading plan; program has no expiration date.
- Company is not obligated to purchase any specific number; timing depends on market conditions, stock price, and financial performance.