{"id":394331,"date":"2020-12-07T08:56:10","date_gmt":"2020-12-07T13:56:10","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=394331"},"modified":"2020-12-07T08:56:10","modified_gmt":"2020-12-07T13:56:10","slug":"ub-bancorp-announces-common-stock-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ub-bancorp-announces-common-stock-repurchase-program\/","title":{"rendered":"UB Bancorp Announces Common Stock Repurchase Program"},"content":{"rendered":"

<\/p>\n

UB Bancorp Announces Common Stock Repurchase Program<\/b><\/p>\n

GREENVILLE, N.C.–(BUSINESS WIRE<\/a>)–
\nUB Bancorp (OTCQX: UBNC), the parent holding company of Union Bank, announces that its Board of Directors has approved the repurchase of up to 1.5% of its 5,978,851 common shares outstanding.\n<\/p>\n

\nUB Bancorp (the \u201cCompany\u201d) will acquire these shares in the open market, making its program available to shareholders on an equitable basis. Actual repurchases will be subject to the availability of stock in the marketplace, general market conditions, and trading price, as well as consideration of alternative uses for the capital and the Company\u2019s financial performance.\n<\/p>\n

\nRob Jones, President and Chief Executive Officer, stated, \u201cManagement and the Board of Directors will evaluate potential stock repurchases and execute on transactions that are believed to be beneficial to shareholders. The stock repurchase program is a direct reflection of the Company\u2019s strong asset quality metrics and capital position.\u201d\n<\/p>\n

\nUB Bancorp and Union Bank are headquartered in Greenville, North Carolina and operate 14 branches located in 11 counties throughout Eastern and Central North Carolina. The Company\u2019s stock is traded on the OTCQX Markets under the symbol UBNC. The Bank\u2019s website is www.unionbanknc.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201207005549\/en\/<\/a><\/span><\/p>\n

Scott McLean
\n<\/span>
Chief Financial Officer
\n<\/span>
(252) 917-5735<\/span><\/p>\n

KEYWORDS:<\/b> North Carolina United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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UB Bancorp Announces Common Stock Repurchase Program GREENVILLE, N.C.–(BUSINESS WIRE)– UB Bancorp (OTCQX: UBNC), the parent holding company of Union Bank, announces that its Board of Directors has approved the repurchase of up to 1.5% of its 5,978,851 common shares outstanding. UB Bancorp (the \u201cCompany\u201d) will acquire these shares in the open market, making its program available to shareholders on an equitable basis. Actual repurchases will be subject to the availability of stock in the marketplace, general market conditions, and trading price, as well as consideration of alternative uses for the capital and the Company\u2019s financial performance. Rob Jones, President and Chief Executive Officer, stated, \u201cManagement and the Board of Directors will evaluate potential stock repurchases and execute on transactions … <\/p>\n

Continue reading “UB Bancorp Announces Common Stock Repurchase Program”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-394331","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nUB Bancorp Announces Common Stock Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ub-bancorp-announces-common-stock-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UB Bancorp Announces Common Stock Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"UB Bancorp Announces Common Stock Repurchase Program GREENVILLE, N.C.–(BUSINESS WIRE)– UB Bancorp (OTCQX: UBNC), the parent holding company of Union Bank, announces that its Board of Directors has approved the repurchase of up to 1.5% of its 5,978,851 common shares outstanding. UB Bancorp (the \u201cCompany\u201d) will acquire these shares in the open market, making its program available to shareholders on an equitable basis. Actual repurchases will be subject to the availability of stock in the marketplace, general market conditions, and trading price, as well as consideration of alternative uses for the capital and the Company\u2019s financial performance. 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