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Chiba Bank completes share repurchase program

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Chiba Bank completes share repurchase program

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.