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BAKERSFIELD, Calif. - Mission Bancorp (OTC Pink:MSBC) has extended its stock repurchase plan for an additional six months, the company announced Monday. The plan, which was set to expire on October 23, 2025, will now continue through April 23, 2026. The stock is currently trading at $98, near its 52-week high, according to InvestingPro data.
The extension authorizes the company to repurchase up to $3.0 million of its common stock under Rule 10b5-1. The original plan was announced on April 28, 2025. Remaining funds from the prior authorization will be removed from the plan.
Hilltop Securities, Inc. is serving as Mission Bancorp’s agent to purchase shares on pre-arranged terms pursuant to the repurchase plan. The company noted that it may suspend or discontinue the plan at any time.
Mission Bancorp, with $2.0 billion in assets, is headquartered in Bakersfield, California. It operates as the holding company for three wholly owned subsidiaries: Mission Bank, Mission 1031 Exchange, LLC, and Mission Community Development, LLC.
The bank currently maintains eight Business Banking Centers across California, serving Bakersfield, Lancaster, San Luis Obispo, Stockton, Ventura, and Visalia areas.
This information is based on a press release statement from Mission Bancorp.
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