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Stock impact report

Auburn National Bancorporation Authorizes Stock Repurchase Program

Auburn National Bancorporation, Inc. (AUBN) 
US:NASDAQ Investor Relations: auburnbank.com
Company Research Source: GlobeNewswire
AUBURN, Ala., Jan. 15, 2019 (GLOBE NEWSWIRE) -- Auburn National Bancorporation, Inc. (NASDAQ: AUBN) announced today that the Company’s Board of Directors has approved a stock repurchase program.  The program authorizes the repurchase, from time to time, of up to $5 million of the Company’s issued and outstanding common stock through March 2020.  The stock repurchases may be open-market or private purchases, negotiated transactions, block purchases, and otherwise.  “Today’s announcement reflects our Board’s confidence in our current and future financial performance.  We believe this stock repurchase program represents an excellent use of our capital in current market conditions,” said Robert W. Dumas, the Company’s President, CEO, and Chairman.  The Company is not required to acquire any specific number of shares and may suspend or terminate its share repurchases at any time.  The amount and timing of the stock repurchases will be based on various factors, such as management’s asse Show less Read more
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