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BayCom's board approves stock repurchase program

BayCom Corp.'s board authorized a share repurchase program, allowing the company to buy back up to 646,922 common shares or about 5% of its outstanding shares.

The program is expected to begin after the announcement of the company's results for the quarter ended Sept. 30.

Repurchases may be made over a period of one year in the open market through private transactions, block trades or any trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.