- Mission Bancorp (MSBC, Financial) has extended its stock repurchase plan through October 2025.
- The company declared a 5.00% annual stock dividend, effective June 2, 2025.
- Total assets for Mission Bancorp stand at $1.9 billion as of 2025.
Mission Bancorp (OTC Pink: MSBC) has announced the extension of its stock repurchase plan under Rule 10b5-1, prolonging it until October 23, 2025. The authorization for repurchasing shares has been increased by $2.0 million, bringing the total to $3.0 million. To date, the company has repurchased 13,522 shares at an average price of $89.24 per share. Hilltop Securities, Inc. continues to serve as the purchasing agent. This move underscores Mission Bancorp's commitment to capital management and enhancing shareholder value.
Additionally, Mission Bancorp has declared a 5.00% annual stock dividend to be issued on June 2, 2025. Shareholders must be on record by May 19, 2025, to be eligible for the dividend. This decision reflects the company's positive outlook for the upcoming year, following strong deposit growth in 2024, and emphasizes its dedication to providing value to its shareholders and supporting the communities it serves.
Headquartered in Bakersfield, California, Mission Bancorp operates through its subsidiary, Mission Bank, with a network of eight Business Banking Centers serving key Californian regions, including Bakersfield, Lancaster, San Luis Obispo, Stockton, Ventura, and Visalia. The company reported total assets of $1.9 billion, highlighting its robust financial positioning in the regional banking sector.
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