Eagle Bancorp Montana, Inc. announces an Equity Buyback for 400,000 shares, representing 5% of its issued share capital.
April 23, 2024 at 07:30 pm IST
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Eagle Bancorp Montana, Inc. (NasdaqGM:EBMT) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 5% of its issued and outstanding share capital. The program will be valid for 12 months.
Eagle Bancorp Montana, Inc. is the bank holding company of Opportunity Bank of Montana (the Bank). It provides loan and deposit services to customers who are predominantly small businesses and individuals throughout Montana. It is a diversified lender with a focus on residential mortgage loans, commercial real estate mortgage loans, commercial business loans, agricultural loans and second mortgage/home equity loan products. It offers a variety of deposit accounts. Deposit account terms vary, primarily as to the required minimum balance amount, the amount of time that the funds must remain on deposit and the applicable interest rate. Its current deposit products include certificates of deposit accounts ranging in terms from 90 days to five years, as well as, checking, savings and money market accounts. Individual retirement account (IRA) certificates are included in certificates of deposit. It also originates in commercial real estate, home equity, and consumer and commercial loans.