Oakworth Capital, Inc. Announces Stock Repurchase Program
BIRMINGHAM, Ala., March 25, 2024 /PRNewswire/ — Oakworth Capital, Inc. (the “Company”) (OTCQX: OAKC), the parent company of Oakworth Capital Bank, today announced that its Board of Directors (the “Board”) approved a stock repurchase program under which the Company may repurchase up to $5 million in aggregate amount of its outstanding shares of common stock through open market purchases, privately-negotiated transactions, or otherwise in compliance with applicable securities laws. These shares may be purchased from time to time over a two-year period depending upon a number of factors including, among others, market conditions, the Company’s ongoing capital planning considerations, applicable legal requirements and compliance with the terms of its outstanding indebtedness.