REDDING, Calif., Aug. 29 /PRNewswire-FirstCall/ -- Bank of Commerce Holdings (NASDAQ:BOCH), a $605.6 million asset financial holding company, and parent company of Redding Bank of Commerce(TM), Roseville Bank of Commerce(TM), Sutter Bank of Commerce(TM) and Bank of Commerce Mortgage(TM) today announced a stock repurchase program.
The Company announces a stock repurchase program of up to 2.2% of the Company's outstanding shares based on the 8,928,640 shares outstanding.
All transactions will be structured to comply with the Securities and Exchange Commission Rule 10b-18. The repurchase will be executed through the open market. The Company expects to spread the repurchase over the next three calendar quarters.
Shareholders interested in participating in the stock repurchase program may contact the following: John Cavender
Howe Barnes Hoefer & Arnett
555 Market Street, 18th Floor
San Francisco, California 94105
(800) 346-5544 Bank of Commerce Holdings, with administrative offices in Redding, California is a financial service holding company that owns Redding Bank of Commerce(TM), Roseville Bank of Commerce(TM), Sutter Bank of Commerce(TM) and Bank of Commerce Mortgage(TM). The Company is a federally insured California banking corporation and opened on October 22, 1982. DATASOURCE: Bank of Commerce Holdings CONTACT: Linda J. Miles, Chief Financial Officer of Bank of Commerce Holdings, +1-530-722-3955 Web site: http://reddingbankofcommerce.com/
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