Knoxville Biz Ticker: Mountain Commerce Bancorp, Inc. announces $5 million share repurchase authorization
The Knoxville News-Sentinel
1 hr ago
Knoxville News Sentinel
Mountain Commerce Bancorp, Inc. announces $5 million share repurchase authorization
Knoxville, Tennessee, April 12, 2021 – Mountain Commerce Bancorp, Inc. (the “Company”) (OTCQX: MCBI), the holding company for Mountain Commerce Bank (the “Bank”), today announced that the Board of Directors has authorized a stock repurchase program under which the Company may, from time to time, acquire up to $5 million of its outstanding common shares during a period extending through March 31, 2022. The shares may be purchased in open market or private transactions, including pursuant to Rule 10b5-1 trading plans, at the discretion of management and subject to the limitations of applicable securities laws.