Northeast Community Bancorp authorizes new stock repurchase program up to 1.5M shares (10% of outstanding)

NorthEast Community Bancorp, Inc./MD/

New program authorizes repurchase of up to 1,509,218 shares, or 10% of issued and outstanding common stock.
Company completed its first repurchase program at a total cost of $22.8 million, or $13.93 per share.
Repurchases may occur in open market or private transactions; Company intends to adopt a Rule 10b5-1 trading plan.
Program does not obligate the Company to buy any specific number of shares; may be modified or discontinued at any time.

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