other material
confidence high
sentiment positive
materiality 0.55
MainStreet Bancshares authorizes new $10M stock repurchase program, replacing prior plan
MainStreet Bancshares, Inc.
- New program authorizes up to $10M of common stock repurchases, replacing the May 2022 program.
- Program expected to extend up to 18 months or until fully repurchased, at management's discretion.
- Repurchases depend on market price, economic conditions, legal requirements; no assurance of any buys.
- Repurchases may be made on open market or in private transactions; program can be suspended or discontinued.