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Isabella Bank issued the following announcement on Dec. 23.
Isabella Bank Corporation (OTCQX:ISBA), announced today that the Board of Directors of the Corporation approved a resolution to increase its share repurchase program by an additional 250,000 shares, raising the current authorization available under the program to 268,146 shares. The Corporation has repurchased to date 1,824,428 shares under the existing authorization.
The authorization does not have an expiration date. Stock repurchases under the program may be made from time to time as the Corporation deems appropriate, based on factors such as share price, market conditions, share availability, purchase needs under the Corporation's employee stock purchase and dividend reinvestment plan, and other relevant factors. There can be no assurance as to the number of shares the Corporation will purchase, if any, and the program may be modified, renewed, suspended or terminated by the Corporation at any time without prior notice.
Original source can be found here.
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