Tranche Update on Fentura Financial, Inc.'s Equity Buyback Plan announced on May 1, 2020.
April 29, 2022
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From January 1, 2022 to March 31, 2022, the company has repurchased 51,461 shares, representing 1.14% for $1.5 million. With this, the company has completed the repurchase of 286,798 shares, representing 6.23% for $7.67 million under the buyback announced on May 1, 2020.
Fentura Financial, Inc. is a financial services company. The Company operates through its subsidiary, the State Bank. The State Bank is a full-service community bank, which offers a range of banking services to individuals, small business and government entities. The State Bankâs commercial department provides a range of products including lines of credit, term loans, mortgages, small business administration loans and a range of cash management products. The retail department offers personal checking, savings, time and individual retirement account deposit accounts and an array of loan products including home equity, auto and personal loans. The residential loan department offers construction, purchase and refinance residential mortgage loans. The wealth management department offers a full-service suite of trust and portfolio management services. It operates approximately 20 service branches serving Bay, Genesee, Ingham, Jackson, Livingston, Oakland, Saginaw, and Shiawassee counties.