American National Bankshares Inc. Announces a Stock Repurchase Plan
January 19 2018 - 12:02PM
American National Bankshares Inc. (NASDAQ: AMNB), parent company of
American National Bank and Trust Company, today announced that the
board of directors has authorized a stock repurchase program of up
to 300,000 shares of the company’s outstanding common stock for a
period of two years. Repurchases may be made through open
market purchases or in privately negotiated transactions, and
shares repurchased will be returned to the status of authorized and
unissued shares of common stock. The actual timing, number
and value of shares repurchased under the program will be
determined by management in its discretion and will depend on a
number of factors, including the market price of the shares,
general market and economic conditions, applicable legal
requirements and other conditions.
About American NationalAmerican National is a multi-state bank
holding company with total assets of approximately $1.8 billion.
Headquartered in Danville, Virginia, American National is the
parent company of American National Bank and Trust Company.
American National Bank is a community bank serving Virginia and
North Carolina with 26 banking offices and two loan production
offices. American National Bank also manages an additional $839
million of trust, investment and brokerage assets in its Trust and
Investment Services Division. Additional information about the
company and the bank is available on the bank's website at
www.amnb.com.
Contact: |
William
W. Traynham, Chief Financial Officer |
|
434-773-2242 |
|
traynhamw@amnb.com |
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