© Reuters.
MURRAY, Utah – FinWise Bancorp (NASDAQ: FINW), the holding company for FinWise Bank, has announced the launch of a stock repurchase program. The program authorizes the buyback of up to 641,832 shares, representing about 5% of the company’s issued and outstanding common stock as of March 6, 2024.
The repurchases, which the company has the discretion to conduct through March 31, 2026, may occur in the open market, in privately negotiated transactions, or through other methods as per regulatory laws. However, FinWise Bancorp is not obligated to acquire any specific number of shares and may modify, suspend, or discontinue the program at any time.
Kent Landvatter, CEO of FinWise, stated, “As the Company remains well capitalized and continues to generate solid profitability, we are pleased that the Board of Directors has approved a new Share Repurchase Program.”
He…
