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Hawthorn Bancshares board authorizes buyback plan

Hawthorn Bancshares Inc.'s board authorized a plan for the company to repurchase up to $5.0 million of its common shares.

The Jefferson City, Mo.-based bank will hold the repurchased shares in treasury and may use them for general corporate purposes, including stock-based employee benefit plans and stock dividends. The bank expects to fund any buybacks with cash on hand and cash generated through operations and other sources.