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OCC, shareholders approve Bank of Napa's buyback program

The OCC andshareholders of Napa, Calif.-based Bank of Napa NA approved the implementation of a stockrepurchase program, under which the company may buy back up to approximately$2.8 million of its common stock, or approximately 10% of the currentoutstanding shares.

The buybackprogram allows shares to be repurchased in open market or private transactionsuntil the earlier of June 8, 2017, or the company's repurchase of $2.8 million ofits common stock, according to a June 9 press release.