CIB Marine Bancshares, Inc. has extended its common stock repurchase program through December 31, 2026, with an increased authorization of $2.5 million. The company has repurchased $876,000 of its common stock to date. This decision reflects the company’s commitment to enhancing shareholder value and maintaining capital management flexibility. The program allows for repurchases in the open market or through privately negotiated transactions. The timing and amount of repurchases will be determined at the company’s discretion, with no obligation to repurchase a specific number of shares. Stockholders should be aware of factors that may affect the accuracy of forward-looking statements.

Read more at GlobeNewswire: CIB Marine Bancshares, Inc. Expands Common Stock Repurchase