Tompkins Financial Corporation Announces Stock Repurchase Program
January 31 2020 - 8:00AM
Business Wire
Tompkins Financial Corporation (NYSE American:TMP)
Tompkins Financial Corporation announced today that its Board of
Directors has authorized a new stock repurchase program of up to
400,000 shares of the company's outstanding common stock, par value
$0.10 per share. This program replaces the company's existing
400,000 share repurchase program announced on July 20, 2018.
The new stock repurchase program is expected to be completed
over the next 24 months.
The shares may be repurchased from time to time in open market
transactions at prevailing market prices, in privately negotiated
transactions, or by other means in accordance with federal
securities laws. The actual timing, number and value of shares
repurchased under the program will be determined by management at
its discretion and will depend on a number of factors, including
the market price of the Company's stock and general market and
economic conditions, and applicable legal requirements.
"Safe Harbor" Statement under the Private Securities
Litigation Reform of 1995:
This press release may include forward-looking statements with
respect to revenue sources, growth, market risk, and corporate
objectives. The Company assumes no duty, and specifically disclaims
any obligation, to update forward-looking statements, and cautions
that these statements are subject to numerous assumptions, risks,
and uncertainties, all of which could change over time. Actual
results could differ materially from forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20200131005052/en/
For more information contact: Stephen S. Romaine,
President & CEO Francis M. Fetsko, Executive VP, CFO & COO
Tompkins Financial Corporation (888) 503-5753
Tompkins Financial (AMEX:TMP)
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