"" Ohio Valley Banc Corp. has extended its stock buyback program to August 31, 2027, according to a recent announcement. The program, originally approved by the board in 2021, was initially set to expire on August 31, 2026. The extension maintains the authorization to repurchase up to $5 million in shares of the company's outstanding common stock.
As of Monday, the company had repurchased approximately $2,967,000 in common stock under the program. The board retains the authority to terminate or amend the program at any time prior to the expiration date, according to a press release statement.
Ohio Valley Banc Corp. is a financial institution based in Gallipolis, Ohio, with operations in Ohio and West Virginia. The company owns The Ohio Valley Bank Company and Loan Central, Inc.
The extension of the stock buyback program is a move to maintain flexibility and adapt to changing market conditions. The company's board of directors has authorized the extension, which will allow for further share repurchases and potentially benefit shareholders.
