Hanover Bancorp launches share buyback of up to 370,000 shares, or about 5% of outstanding stock

Reuters2026/08/26 20:00

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Hanover Bancorp’s board adopted a new share repurchase program set to run through Aug. 17, 2027.
Authorization covers up to 370,000 shares, about 5% of outstanding common stock.
Buybacks may be executed in the open market or via privately negotiated transactions, including under a Rule 10b5-1 plan.
Management controls timing and pricing, subject to market conditions, SEC Rule 10b-18, regulatory limits, capital needs, and liquidity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hanover Bancorp Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608261600PRIMZONEFULLFEED9816562) on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hanover Bancorp launches share buyback of up to 370,000 shares, or about 5% of outstanding stock

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