Beacon Financial Corporation received Federal Reserve non-objection for its $50 million common stock repurchase program, enabling repurchases from May 5, 2026, to May 4, 2027.
Key takeaways
Received notice of non-objection from Federal Reserve Board of Governors for stock repurchase program.
Board of Directors adopted program on April 29, 2026, subject to regulatory approval.
Authorized to repurchase up to $50 million of common stock.
Repurchases commence May 5, 2026, and end May 4, 2027.
Stock may be repurchased in open market or negotiated transactions at prevailing prices.
Program conducted in accordance with federal securities laws.