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AltaPacific Bancorp ups share buyback program

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AltaPacific Bancorp ups share buyback program

Santa Rosa, Calif.-based AltaPacific Bancorp's board has authorized an extension of the company's share repurchase program, allowing the buyback of an additional $2.0 million of common shares.

Since the initial announcement of the repurchase program in May 2012, AltaPacific Bancorp has invested approximately $14.6 million to repurchase and retire approximately 1,348,000 shares at an average per-share price of $10.85.

AltaPacific Bancorp repurchased approximately $4.3 million of stock during 2018, representing nearly 306,000 shares at an average price of $13.95 per share. The company currently has 5,952,000 shares of common stock outstanding.