Tranche Update on FFBW, Inc.'s Equity Buyback Plan announced on May 10, 2022.
September 01, 2022 at 05:05 pm EDT
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From July 1, 2022 to August 31, 2022, the company has repurchased 359,231 shares, representing 6.57% for $4.47 million. With this, the company has completed the repurchase of 625,000 shares, representing 11.22% for $7.75 million under the buyback announced on May 10, 2022.
FFBW, Inc. is a holding company. The Company provides a variety of financial services to individual and corporate customers through its wholly owned subsidiary, First Federal Bank of Wisconsin (the Bank). The Bank is a community bank, which offers consumer banking, commercial banking and residential lending. Its commercial banking services include commercial checking, commercial savings, municipal deposit accounts, treasury management services, commercial loans and credit cards. Its consumer banking services include checking accounts, health savings account, savings accounts, consumer loans, credit cards, card management, online services, mobile services, Zelle and Go Green with eStatements. The Bank has four branch locations. The Bank invests in various types of liquid assets, including the United States Treasury obligations, securities of various government-sponsored enterprises and municipal governments, deposits at the Federal Home Loan Bank of Chicago.