Bancorp 34, Inc. announces an Equity Buyback for 5% of its issued share capital, for $2 million.
February 26, 2021 at 03:35 am IST
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Bancorp 34, Inc. (OTCPK:BCTF) announces a share repurchase program. Under the program, the company will repurchase up to $2 million worth of its shares, representing 5% of its outstanding share capital.
Bancorp 34, Inc. is the holding company for Bank 34 (the Bank). The Company conducts a full-service community banking business through the Bank. The Company offers a full range of relationship-focused services to meet its clientâs business and personal financial objectives, with branches in Arizona and New Mexico. Its product lines include commercial loans, commercial real estate loans, and a variety of commercial and consumer deposit products, including noninterest bearing accounts, interest-bearing demand products, savings accounts, money market accounts and certificates of deposit. It also offers online banking and bill payment services, online cash management, safe deposit box rentals, debit card and automated teller machine (ATM) card services and the availability of a network of ATMs for its customers. Its segments include Commercial loans, Commercial real estate loans, Multifamily, Construction and land development loans, Residential real estate loans, and Consumer loans.