Chiba Bank Ltd. completed its share repurchase program after reaching the limit for its planned total repurchase price.
The bank said March 22 that it repurchased 3,936,000 common shares for ¥3.37 billion between March 1 and March 20 under a share repurchase program approved by the bank's board of directors Feb. 7.
Under the program, up to 10 million common shares were to be bought back for up to ¥7 billion between Feb. 8 and March 23. A total of 8 million shares were repurchased for about ¥7 billion.
As of March 22, US$1 was equivalent to ¥105.72.