#USA #Spokane #W.T.B. Financial #Washington Trust Bank

W.T.B. Financial Corporation Enhances Share Repurchase Program

W.T.B. Financial Corporation recently made headlines with its announcement that it has amended its share repurchase plan. Originally set for $15 million, the new authorization allows for $30 million worth of Class B common stock to be repurchased. This significant modification is effective through February 28, 2026.

The repurchase of shares will be conducted under the newly amended plan intermittently on the open market via brokers or through privately negotiated agreements, leaving the execution to the discretion of the company's management. The decision on when and how much to repurchase will take into account various factors, notably prevailing market conditions and other corporate considerations.

The company assures stakeholders that it aims to follow the requirements of Rule 10b-18 under the Securities and Exchange Act of 1934. As a precautionary measure, this program can be suspended or entirely terminated at any point at the discretion of W.T.B. Financial Corporation’s Board of Directors, without prior notice.

About W.T.B. Financial Corporation

Established in Spokane, Washington, W.T.B. Financial Corporation serves as a bank holding entity that oversees Washington Trust Bank, which prides itself on being the largest independently owned commercial bank in the region. With a proud history dating back to 1902, this financial institution has amassed over $10 billion in assets and operates more than 40 branches across Washington, Idaho, and Oregon. The organization employs an estimated 1,200 individuals dedicated to providing exceptional service to its clients.

For the latest updates and more information, visit Washington Trust Bank's website. The bank also maintains a robust presence across various social media platforms including Facebook, Instagram, LinkedIn, and X, allowing customers to stay informed about ongoing developments and community engagement.

As W.T.B. Financial Corporation continues to strengthen its financial strategies, the increased share repurchase authorization signifies its commitment to enhancing shareholder value. In an ever-evolving economic landscape, strategic decisions like these reflect the company’s adaptability and proactive approach in maximizing its financial performance and solidifying investor trust.