BV Financial announces repurchase program for up to 10% of outstanding shares

BV Financial (BVFL), the holding company for BayVanguard Bank, announced that the company has adopted, and received the non-objection of the Federal Reserve Bank of Richmond to initiate, a stock repurchase program for up to 10% of the company’s outstanding shares of common stock, or approximately 10,594,044 shares. “This is the company’s second stock repurchase program since completing its mutual-to-stock conversion and related stock offering on July 31, 2023. Repurchases are expected to commence after the company publicly releases its results of operations for the period ended March 31,” BV stated.