AmeriServ Financial, Inc. (ASRV) said Thursday that its Board of Directors approved a new stock repurchase program which calls for the company to buy back up to 2% or about 384,000 shares of its outstanding common stock.
The shares may be purchased from time to time in open market, privately negotiated, or block transactions. This common stock repurchase program does not obligate the company to acquire any specific number of shares and may be modified, suspended or discontinued at any time.
As of March 31, the company had about 19.2 million shares of its common stock outstanding.
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