Friday, Bank of the Carolinas Corp. (BCAR) announced that its Board of Directors has authorized the company to repurchase up to 398,737 shares or 10% of the company's outstanding common stock during the year following the Board's decision.
As per the program, the company can repurchase its shares in block, periodically, in the open market or in solicited or unsolicited privately negotiated transactions as per Securities and Exchange Commission or SEC rules, subject to certain factors.
The company said Sandler O'Neill & Partners, L.P. would execute the share repurchase program for the company.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.