Hanover Bancorp launches share buyback of up to 370,000 shares, or about 5% of outstanding stock
HNVR•How the buybacks may be executed
Buybacks may be executed in the open market or via privately negotiated transactions, including under a Rule 10b5-1 plan.
Management controls timing and pricing, subject to market conditions, SEC Rule 10b-18, regulatory limits, capital needs, and liquidity.
Board approves new repurchase program
Hanover Bancorp’s board adopted a new share repurchase program set to run through Aug. 17, 2027.
Authorization covers up to 370,000 shares, about 5% of outstanding common stock.
