PSB Holdings Inc.'s board renewed the company's regular quarterly common stock repurchase program allowing for the repurchase of up to 25,000 common shares during the quarter ended March 31, 2020.

Repurchases may be made in the open market or directly from shareholders.

The company has bought back 29,245 common shares under the program at an average cost of $23.53 per share year-to-date through Dec. 19.