Wausau, Wis.-based PSB Holdings Inc.'s board renewed the company's regular quarterly stock repurchase program to allow for the purchase of up to 25,000 shares through March 31, 2019.

As of Dec. 19, the company had repurchased 38,850 shares at an average cost of $23.17 per share.

Also, the company's board declared a regular semiannual cash dividend of 18 cents per share, to be paid Jan. 31, 2019, to shareholders of record as of Jan. 11, 2019.