Business
National Capital Bancorp, Inc. Announces Share Repurchase Program
WASHINGTON, February 26, 2025--National Capital Bancorp, Inc. (the "Company") (OTC Pink: NACB), the holding company for The National Capital Bank of Washington ("NCB" or the "Bank") announced today that its Board of Directors approved a share repurchase program of up to $600,000, allowing for purchases from time to time, in open market or private transactions provided, however, that the aggregate number of shares of common stock repurchased shall not exceed 12,000 shares (approximately 1.0% of o
About this update from National Cap Bancorp Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":641,"height":238,"url":"https://media.zenfs.com/en/business-wire.com/b440ab86ff2fdae64021421143696122"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ex_VDDSpXJhiB94zU4HrZg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM1NjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/b440ab86ff2fdae64021421143696122","width":641,"height":238}},"lazy":false},{"type":"text","content":"WASHINGTON, February 26, 2025--(BUSINESS WIRE)--National Capital Bancorp, Inc. (the "Company") (OTC Pink: NACB), the holding company for The National Capital Bank of Washington ("NCB" or the "Bank") announced today that its Board of Directors approved a share repurchase program of up to $600,000, allowing for purchases from time to time, in open market or private transactions provided, however, that the aggregate number of shares of common stock repurchased shall not exceed 12,000 shares (approximately 1.0% of outstanding shares), with an expiration date of February 28, 2026. Repurchases, if any, under the program will be made at the sole discretion of management, and the timing and actual number of shares repurchased will depend upon market pricing and conditions, and other business considerations. The buyback program does not obligate the Company to purchase any particular number of shares and there is no guarantee as to the exact number of shares that will be repurchased by the Company. The program may be suspended, modified or terminated by the Company at any time and for any reason, without prior notice.","length":1156,"tagName":"p"},{"type":"text","content":""We are excited to announce approval of the share repurchase program, which we believe will be beneficial to the Company and its continuing shareholders and a good use of excess capital," said Bank CEO Jimmy Olevson.","length":226,"tagName":"p"},{"type":"text","content":"National Capital Bancorp, Inc. is the holding company for The National Capital Bank of Washington which was founded in 1889 and is Washington’s Oldest Bank. NCB is headquartered on Capitol Hill with offices in the Friendship Heights community in Northwest D.C., the Courthouse/Clarendon community in Arlington, Virginia and the Fox Hill senior living community of Bethe...