other material
confidence high
sentiment neutral
materiality 0.50
WNEB completes 2022 repurchase plan, authorizes new 1.0M share buyback
Western New England Bancorp, Inc.
- Completed repurchase of 1,100,000 shares (≈5% of outstanding) under 2022 plan at average price $7.34 per share.
- Board authorized new 2024 Repurchase Plan on May 21, 2024, for up to 1.0 million shares (≈4.6% of outstanding).
- Repurchases may occur via open market or private transactions, subject to market conditions, regulatory limits, and Rule 10b5-1 plans.
- New plan becomes effective upon completion of the prior plan; program may be modified, suspended, or discontinued at any time.