PCB Bancorp announces extension of stock repurchase plan

PCB Bancorp (PCB) announced that on July 23, 2025, its Board of Directors extended the term of the company’s stock repurchase program for an additional year, to expire on July 31, 2026. The stock repurchase program, which was first adopted on August 2, 2023, authorizes the repurchase of up to 720,000 shares of the company’s outstanding common stock and, as previously extended, was scheduled to expire on August 1, 2025. As of July 23, 2025, the company has repurchased and retired 291,527 shares of its common stock, leaving an aggregate of 428,473 shares authorized for repurchase under the stock repurchase program. Under the stock repurchase program, the company may purchase shares of its common stock through various means such as open market transactions, including block purchases, and privately negotiated transactions. The number of shares repurchased and the timing, manner, price and amount of any repurchases will be determined at the company’s discretion. Factors include, but are not limited to, stock price, trading volume and general market conditions, along with the company’s general business conditions. The program may be suspended or discontinued at any time and does not obligate the company to acquire any specific number of shares of its common stock.