Western New England Bancorp Completes 2019 Repurchase Plan


WESTFIELD, Mass., Oct. 19, 2020 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (NasdaqGS: WNEB), the holding company for Westfield Bank, announced that the Company completed its current stock repurchase program on October 15, 2020, which was announced on January 29, 2019.

The Company repurchased a total of 2.8 million shares, or approximately 10% of its outstanding common stock, in connection with the 2019 Plan.

“We are pleased to announce the completion of the 2019 Plan. The Board of Directors and management continue to believe that repurchases of the Company’s shares are an attractive opportunity and demonstrate our commitment to enhancing shareholder value,” said James Hagan, President and Chief Executive Officer.

About Western New England Bancorp, Inc.

Western New England Bancorp, Inc. is a Massachusetts-chartered stock holding company and the parent company of Westfield Bank, CSB Colts, Inc., Elm Street Securities Corporation, WFD Securities, Inc. and WB Real Estate Holdings, LLC. Western New England Bancorp, Inc. and its subsidiaries are headquartered in Westfield, Massachusetts and operate 25 banking offices throughout western Massachusetts and northern Connecticut. To learn more, visit our website at www.westfieldbank.com.

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.