BayCom announces stock repurchase program

BayCom announced that its Board of Directors approved its seventh stock repurchase program for the repurchase of up to 619,000 shares of its common stock, or approximately 5% of its outstanding shares, over a one year period through open market purchases, privately-negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. The new stock repurchase program will commence upon completion of the sixth stock repurchase program which will expire on October 24, or earlier if the shares have been repurchased. As of the date hereof, the company has 17,633 shares available for future purchase under the company’s sixth stock repurchase program.