ICB Financial Announces an Increase in Its Share Repurchase Program
ONTARIO, Calif., April 28 /PRNewswire-FirstCall/ -- ICB Financial (BULLETIN BOARD: ICBN) today announced that its Board of Directors has approved an increase in the number of shares of it's common stock to be repurchased under its share repurchase program from 250,000 shares to 400,000 shares, effective April 28, 2008. As of today the Corporation has successfully completed the repurchase of 250,000 shares pursuant to the original authorization by the Board. Because of the quick success of this repurchase, the Board has authorized the repurchase of an additional 150,000 shares. The revised program will be continued through June 30, 2008.
The Corporation may repurchase shares on the open market or through privately negotiated transactions. The price, timing and the number of additional shares repurchased, if any, will be based on various market conditions. Repurchased shares will be retired. ICB Financial is a bank holding company headquartered in Ontario, California. Its subsidiary, Inland Community Bank, N.A., specializes in providing businesses and professionals with the management expertise of a major bank and the personalized service of an independent bank.
For questions regarding the repurchase program: please contact James Cooper, President and CEO at (909)-481-8706 Ext. 280 or Thomas Griel, Senior Vice President and CFO at (909)-481-8706 Ext. 271. Repurchase of stock will be conducted through: Bill Ridgway / Capitol Securities Group Inc. (Clearing through Pershing, Troy Norlander / Stone & Youngberg Joey J. Warmenhoven / McAdams Wright Ragen
CONTACT: James Cooper, President and CEO, +1-909-481-8706, ext. 280, or Web site: http://www.icbbank.com/
2008-04-28 20:50:57 0347055 PRNEWSWIRE
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