SB Financial Group, Inc. announces an Equity Buyback for 75,000 shares.
January 25, 2019 at 10:01 pm IST
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SB Financial Group, Inc. (NasdaqCM:SBFG) announces a share repurchase program. Under the program, the company will repurchase up to approximately 75,000 shares, representing 1% of its issued share capital. The repurchased shares will be held as treasury shares and used for general corporate purposes, including issuance under the company’s employee stock incentive plans.
SB Financial Group, Inc. is a financial holding company. Through its direct and indirect subsidiaries, the Company is engaged in a various financial activities, including commercial banking, and wealth management services. The Company is primarily engaged in providing a full range of banking and wealth management services to individual and corporate customers primarily located in Ohio, Indiana, and Michigan. Its principal activity is the ownership and management of its wholly owned subsidiaries, The State Bank and Trust Company, SBFG Title, LLC, SB Captive, Inc., RFCBC, Inc., Rurbanc Data Services, Inc., Rurban Statutory Trust II, and SBFG Mortgage, LLC. The State Bank and Trust Company offers a full range of commercial banking services, including checking accounts, savings accounts, money market accounts and time certificates of deposit, automatic teller machines, commercial, consumer, agricultural and residential mortgage loans, commercial leasing, and various other services.