Forbright Inc.
11/12/2026 | Press release | Distributed by Public on 11/12/2026 07:50
Material Event (Form 8-K)
Item 8.01 - Other Events.
On November 12, 2026, Forbright, Inc. ("Forbright" or the "Company"), the parent company of Forbright Bank, announced that its Board of Directors (the "Board") authorized a stock repurchase program to repurchase up to $25 million of the Company's outstanding common stock, $0.001 par value per share.
Under the program, stock repurchases may be made from time to time in open market transactions, privately negotiated transactions, accelerated repurchase arrangements, tender offers, or Rule 10b5-1 trading plans. The program will remain in effect through November 30, 2027, unless earlier completed. The Board may extend, suspend, or discontinue the program at any time.
The exact number of shares, timing for such repurchases, and the price and terms at and on which such repurchases are to be made will be at the discretion of the Company and subject to regulatory limitations. The program does not obligate the Company to make any repurchases or repurchase any particular amount of common stock.
Forbright Inc. published this content on November 12, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on November 12, 2026 at 13:51 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]