Business
First Commerce Bancorp, Inc. Board of Directors Approves Share Repurchase Program
First Commerce Bancorp, Inc. Board of Directors Approves Share Repurchase Program.
About this update from First Commerce Bancorp Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n First Commerce Bancorp, Inc. Board of Directors Approves Share Repurchase Program\r\n \r\n \r\n\r\n\r\nFirst Commerce Bancorp, Inc. Board of Directors Approves Share Repurchase Program\r\n\r\n\r\n\r\n\r\n\r\nLAKEWOOD, NJ / ACCESS Newswire / January 28, 2026 / First Commerce Bancorp, Inc. (OTCID:CMRB) (the \"Company\") today announced that the Board of Directors has approved a tender offer (the \"Tender Offer\") to repurchase up to 3,000,000 shares of the Company's common stock (\"Shares\") at a purchase price of $7.00 per Share. The Offer is intended to provide a supplemental source of liquidity for the Company's shareholders, many of whom have held shares for an extended period of time.\r\n The Tender Offer will begin on January 28, 2026, and will expire on February 27, 2026, at 5:00 p.m. EST unless extended by the Company. The terms of the Tender Offer, including conditions to the Company's obligation to accept validly tendered shares and the limited rights of shareholders to withdraw tendered Shares, are described in more detail in the Company's Offer to Purchase dated January 28, 2026 (the \"Offer to Purchase\"), which is being mailed to all eligible shareholders and is available at firstcommercebk.com/who-we-are/investor-relations. The Offer to Purchase should be read in conjunction with this press release. Performance Trust Capital Partners, LLC is serving as Deal Manager for the Tender Offer. Computershare, Inc. is serving as the Depositary for the Tender Offer. Shareholders possessing actual physical stock certificates will be mailed copies of the Offer to Purchase and instructions Computershare beginning on January 28, 2026. Shareholders whose shares are held in street name by their broker will be contacted by their broker regarding the Tender Offer process.\r\n Questions regarding the Tender Offer may be directed to Georgeson LLC, which is acting as Information Agent, at (866) 510-4401.\r\n This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an acceptance of securities. No offer, solicitation, purchase, or sale will be made in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The Tender Offer is being made solely pursuant to the terms and conditions set forth in the Offer to Purchase and accompanying materials. S...