West Coast Community Bancorp has announced a new share repurchase program, allowing for the buyback of up to $25 million in common stock. This decision, made by the company's Board of Directors on November 13, 2026, is significant as it reflects the company's confidence in its financial health and aims to enhance shareholder value.

The program permits the company to repurchase shares in the open market or through privately negotiated transactions, depending on market conditions. The timing and price of these repurchases will be at the company's discretion, taking into account various factors including general market conditions, stock price, and corporate liquidity requirements.

“This share repurchase program reflects our confidence in the strength of our balance sheet and the long-term value of our Company,” said Krista Snelling, Chairman and CEO of West Coast Community Bancorp. “The program represents a disciplined and strategic use of capital, reinforcing our commitment to enhancing shareholder value while maintaining flexibility to invest in future growth.”

The repurchase program is set to expire on December 31, 2028, and will be funded through the company's internal funds, supplemented as needed by a dividend from West Coast Community Bank. The execution of the program will comply with applicable federal and state securities laws and bank regulations.

West Coast Community Bancorp, incorporated in California, operates as a state commercial bank. The company has a strong presence in the community banking sector, focusing on relationship-based service and problem-solving. It offers a range of financial products including business loans, credit lines, and treasury management services.

This announcement comes at a time when many companies in the state commercial banking industry are looking to return capital to shareholders through buybacks. The trend reflects a broader strategy among banks to optimize their capital structures and enhance shareholder returns.

The company's share repurchase program may be suspended, terminated, or modified at any time without notice, subject to customary regulatory approvals. The filing does not specify what happens next regarding the implementation of the program.