Western New England Bancorp, Inc. announced the completion of its 2024 Repurchase Plan on May 30, 2025. Under this plan, the company repurchased a total of 1.0 million shares of its common stock, which represented approximately 4.6% of its then-outstanding shares.
The shares were repurchased at an average price of $8.79 per share, demonstrating the company's active capital management strategy. The 2024 Repurchase Plan was initially authorized by the Board of Directors on May 21, 2024.
Following the completion of the 2024 Plan, a new 2025 stock repurchase plan, authorized on April 22, 2025, has commenced. This new plan allows for the repurchase of an additional 1.0 million shares, or approximately 4.8% of the company's outstanding common stock, reinforcing the company's ongoing commitment to shareholder returns.
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