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Sierra Bancorp OKs buyback of additional shares

The board of Porterville, Calif.-based approved another 500,000shares for repurchase, in addition to 8,266 shares still remaining under theprevious buyback allotment.

The additional authorized shares represent approximately 4%of the company's issued and outstanding shares. Repurchases may be made on theopen market from time to time.

Sierra Bancorp repurchased 96,053 shares during the thirdquarter, according to a news release.