Isabella Bank Corporation Boosts Share Buyback Program to 538,448 Shares

Isabella Bank Corporation has increased its share buyback program by an additional 500,000 shares, raising the total authorization to 538,448 shares. Since 2007, the bank has repurchased 2.55 million shares under the program. The authorization has no expiration date.

Isabella Bank Corporation (OTCQX: ISBA) has announced an increase in its share repurchase program by an additional 500,000 shares, raising the total authorization to 538,448 shares. This decision was made by the company's Board of Directors and follows the bank's long-standing commitment to shareholder value enhancement [2].

Since its inception in 2007, Isabella Bank Corporation has repurchased a total of 2.55 million shares under its share repurchase program. The authorization for the program does not have an expiration date, allowing the company to repurchase shares at its discretion based on various factors, including share price, market conditions, and the availability of shares [1][2].

Isabella Bank Corporation is the parent holding company of Isabella Bank, a state-chartered community bank headquartered in Mt. Pleasant, Michigan. The bank offers a range of financial services, including personal and commercial lending, deposit products, investment, trust, and estate planning services. With locations across eight Mid-Michigan counties, Isabella Bank has been serving its community for over 120 years [2].

The company's share repurchase program is a strategic move aimed at enhancing shareholder value by reducing the number of outstanding shares, which can potentially increase earnings per share. This decision also aligns with the company's long-term strategy of optimizing its capital structure and improving shareholder returns [1][2].

For more information about Isabella Bank Corporation, investors can visit the company's Investor Relations website at www.isabellabank.com. The company's common stock is quoted on the OTCQX tier of the OTC Markets Group, Inc.'s electronic quotation system under the symbol "ISBA."

References:
[1] https://seekingalpha.com/news/4439661-isabella-bank-corporation-increases-share-buyback-program
[2] https://www.marketscreener.com/quote/stock/ISABELLA-BANK-CORPORATION-120791781/news/Isabella-Bank-Corporation-Announces-Increase-to-Share-Repurchase-Program-49794974/