The board of Santa Rosa, Calif.-based AltaPacific Bancorp authorized an extension of the company's share repurchase program.
The extension of the buyback program allows the repurchase of an additional $4.0 million in common stock through Dec. 31, 2019.
The company's repurchase program was originally announced on May 4, 2012.
In 2017, the company repurchased approximately $2.8 million of its common stock, representing approximately 249,000 shares at an average price of $11.37. The company currently has 6,004,844 shares of common stock outstanding.
