Central Bancompany Announces $100M Buyback Plan
Central Bancompany, Inc. (NASDAQ:CBC) ("Central Bancompany", "the Company", or "CBC"), the bank holding company for The Central Trust Bank (the "Bank"), today announced its Board of
Central Bancompany is using $100 million to buy back its own stock—kind of like a company saying it believes in itself. When a company does this, it can be a signal that leaders think the stock is a good deal right now.
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