Bank7 Announces Renewal Of Stock Repurchase Plan Of Up To 750,000 Shares
Bank7 Corp. (NASDAQ:BSVN) ("the Company"), the parent company of Oklahoma City-based Bank7, announced today that its board of directors has authorized a renewal of Bank7's existing stock repurchase program for a term of two (2) years. The stock repurchase plan provides for the purchase of up to 750,000 shares of the Company's outstanding common stock.
The shares may be repurchased from time to time in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with federal securities laws. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of the Company's stock, general market and economic conditions, and applicable legal requirements. Repurchased shares will become treasury shares and may be utilized for general corporate purposes, including reissuance pursuant to the Company's 2018 Equity Incentive Plan.