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First Bank's board authorizes share buyback plan

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First Bank's board authorizes share buyback plan

Hamilton, N.J.-based First Bank's board authorized a share buyback plan for up to 1 million of the bank's common shares in the open market.

Currently, the company has about 20.5 million common shares issued and outstanding. The repurchase program, which has received regulatory approval, will expire Sept. 30, 2020.