FNCB Bancorp, Inc. announces an Equity Buyback for 975,000 shares, representing 4.83% of its issued share capital.
January 30, 2021 at 03:07 am IST
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FNCB Bancorp, Inc. (NasdaqCM:FNCB) announces a share repurchase program. Under the program, the company will repurchase up to 975,000 shares. The repurchases will be funded from available working capital of the company, and the repurchased shares will be returned to the status of authorized but unissued shares of common stock. The repurchase program will expire on December 31, 2021. As of December 31, 2020, the company had 20,200,000 million shares in outstanding.
FNCB Bancorp, Inc. is the bank holding company of FNCB Bank (the Bank). Its primary activity consists of owning and operating the Bank. The Bank is engaged in offering a suite of personal, small business and commercial banking solutions with mobile, online, and in-branch products and services. For personal customers, the Bank provides various deposit products, including savings, money markets, certificates of deposit and checking accounts, along with a line of preferred relationship products that offer premium benefits for higher-balance customers. The Bank offers a variety of financing alternatives to individuals and businesses generally in its primary market area through the origination of loans and leases, including residential real estate loans, construction, land acquisition and development loans, commercial real estate loans, commercial and industrial loans, and others. The Bank operates through about 16 community offices located in Lackawanna, Luzerne, and Wayne Counties.
FNCB BANCORP, INC. 
