logo
Share SHARE
FONT-SIZE Plus   Neg

Washington Banking Announces 775K Shares Repurchase Program

Washington Banking Co. (WBCO), the holding company for Whidbey Island Bank, said Friday that its Board of Directors has authorized the repurchase of up to 775,000 shares of the Company's outstanding shares or approximately 5% of current outstanding.

Repurchases may be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market. The number, timing and price of shares repurchased will depend on business and market conditions, and other factors, including opportunities to deploy the Company's capital.

The repurchase program is expected to continue through the end of 2014, however the company is under no obligation to repurchase a specific number or dollar amount of shares and the repurchase program may be discontinued at any time.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
British lender Lloyds Banking Group Plc. Friday reported higher profit in its first half, benefited by increased net interest income and margin as well as lower impairment. Looking ahead, the company lifted its net interest margin forecast. Amgen reported an increase in second-quarter profit, driven by sales of arthritis drug Enbrel and osteoporosis treatments Xgeva and Prolia, and improved margins. Both earnings and sales topped Wall Street estimates. Electronic Arts Inc. (EA) on Thursday reported an increase in profit for the first quarter, reflecting continued strong digital revenues, with both earnings and revenues topping Wall Street estimates. However, shares of the company fell over 4 percent, after having detailed a weak outlook. Redwood...
comments powered by Disqus
Follow RTT