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South Dakota-based Great Western Bancorp expands stock buyback program

Great Western Bancorp Inc.'s board approved an amendment to the company's stock buyback program, effective Sept. 1. Under the amendment, the Sioux Falls, S.D.-based company is authorized to repurchase up to an additional $75 million of its common stock.

The company has repurchased approximately $100 million of its common stock under the program, which was originally approved in October 2016.

The program permits shares to be repurchased on the open market, including pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1. Any shares acquired will be canceled and become authorized but unissued shares, available for future issuance.