Op bancorp announces new stock repurchase program

Los angeles--(business wire)--op bancorp (the “company”) (nasdaq: opbk), the holding company of open bank (the “bank”), announced that on august 24, 2023, its board of directors approved a new stock repurchase program authorizing the company to repurchase up to 750,000 shares of its common stock, which is approximately 5% of its outstanding shares. shares may be purchased in open market transactions under the safe harbor established under securities exchange act rule 10b-18, through block trade.
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