{"id":750100,"date":"2023-04-21T16:33:18","date_gmt":"2023-04-21T20:33:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/baycom-corp-announces-adoption-of-stock-repurchase-program-4\/"},"modified":"2023-04-21T16:33:18","modified_gmt":"2023-04-21T20:33:18","slug":"baycom-corp-announces-adoption-of-stock-repurchase-program-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/baycom-corp-announces-adoption-of-stock-repurchase-program-4\/","title":{"rendered":"BayCom Corp Announces Adoption of Stock Repurchase Program"},"content":{"rendered":"

<\/p>\n

BayCom Corp Announces Adoption of Stock Repurchase Program<\/b><\/p>\n

WALNUT CREEK, Calif.–(BUSINESS WIRE<\/a>)–
\nBayCom Corp (NASDAQ: BCML<\/b>) (\u201cBayCom\u201d or the \u201cCompany\u201d), the parent company of United Business Bank, today announced that its Board of Directors (the \u201cBoard\u201d) approved its seventh stock repurchase program for the repurchase of up to 619,000 shares of its common stock, or approximately 5% of its outstanding shares, over a one year period through open market purchases, privately-negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. The new stock repurchase program will commence upon completion of the sixth stock repurchase program which will expire on October 24, 2023, or earlier if the shares have been repurchased. As of the date hereof, the Company has 17,633 shares available for future purchase under the Company\u2019s sixth stock repurchase program.<\/p>\n

\nRepurchases are expected to commence immediately. The actual timing, number and value of shares repurchased under the stock repurchase program will depend on a number of factors, including constraints specified in any Rule 10b5-1 trading plan adopted, price, general business and market conditions, and alternative investment opportunities. The share buyback program does not obligate the Company to acquire any specific number of shares in any period, and may be expanded, extended, modified or discontinued at any time.<\/p>\n

About BayCom Corp<\/b><\/p>\n

\nThe Company, through its wholly owned operating subsidiary, United Business Bank, offers a full-range of loans, including SBA, FSA and USDA guaranteed loans, and deposit products and services to businesses and its affiliates in California, Washington, New Mexico and Colorado. The Bank is an Equal Housing Lender and a member of FDIC. The Company is traded on the NASDAQ under the symbol \u201cBCML\u201d. For more information, go to www.unitedbusinessbank.com<\/a>.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release includes certain statements that may constitute \u201cforward-looking statements\u201d for purposes of the federal securities laws, including information regarding purchases by BayCom of its common stock. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words or phrases “may,” “believe,” “will,” “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” “plans,” “potential,” or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, but the absence of these words does not mean that a statement is not forward-looking. By their nature, forward-looking information and statements are subject to risks, uncertainties, and contingencies, including changes in price and volume and the volatility of the Company\u2019s common stock; adverse developments affecting either or both of prices and trading of exchange-traded securities, including securities listed on the Nasdaq Stock Market; and unexpected or otherwise unplanned or alternative requirements with respect to the capital investments of the Company. The Company does not undertake to update any forward looking statements or information, including those contained in this report.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230421005058\/en\/<\/a><\/span><\/p>\n

\nBayCom Corp
\n
Keary Colwell, 925-476-1800
\n
kcolwell@ubb-us.com<\/a><\/p>\n

KEYWORDS:<\/b> California 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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BayCom Corp Announces Adoption of Stock Repurchase Program WALNUT CREEK, Calif.–(BUSINESS WIRE)– BayCom Corp (NASDAQ: BCML) (\u201cBayCom\u201d or the \u201cCompany\u201d), the parent company of United Business Bank, today announced that its Board of Directors (the \u201cBoard\u201d) approved its seventh stock repurchase program for the repurchase of up to 619,000 shares of its common stock, or approximately 5% of its outstanding shares, over a one year period through open market purchases, privately-negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. The new stock repurchase program will commence upon completion of the sixth stock repurchase program which will expire on October 24, 2023, or earlier if the shares have been repurchased. As of the date … <\/p>\n

Continue reading “BayCom Corp Announces Adoption of 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-750100","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBayCom Corp Announces Adoption of 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\/baycom-corp-announces-adoption-of-stock-repurchase-program-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BayCom Corp Announces Adoption of Stock Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BayCom Corp Announces Adoption of Stock Repurchase Program WALNUT CREEK, Calif.–(BUSINESS WIRE)– BayCom Corp (NASDAQ: BCML) (\u201cBayCom\u201d or the \u201cCompany\u201d), the parent company of United Business Bank, today announced that its Board of Directors (the \u201cBoard\u201d) approved its seventh stock repurchase program for the repurchase of up to 619,000 shares of its common stock, or approximately 5% of its outstanding shares, over a one year period through open market purchases, privately-negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. 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