OP Bancorp Announces Stock Repurchase Program for Up to 700,000 Shares

Reuters08-29
<a href="https://laohu8.com/S/OPBK">OP Bancorp</a> Announces Stock Repurchase Program for Up to 700,000 Shares

LOS ANGELES-- OP Bancorp (Nasdaq: OPBK), the holding company of Open Bank, announced that its Board of Directors has approved a new stock repurchase program. The program authorizes the repurchase of up to 700,000 shares of its common stock. The repurchases may occur through open market transactions, privately negotiated transactions, or other means in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. The Company has no obligation to repurchase shares, and the timing and value of repurchases are at the discretion of management, depending on stock price and market conditions. The Board also reserves the right to suspend or terminate the program at any time.

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