OKLAHOMA
CITY, Oct. 30, 2023 /PRNewswire/ -- Bank7 Corp.
(NASDAQ: BSVN) ("the Company"), the parent company of Oklahoma City-based Bank7, announced today
that its board of directors has authorized a renewal of Bank7's
existing stock repurchase program for a term of two (2) years. The
stock repurchase plan provides for the purchase of up to 750,000
shares of the Company's outstanding common stock.
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, general market and
economic conditions, and applicable legal requirements. Repurchased
shares will become treasury shares and may be utilized for general
corporate purposes, including reissuance pursuant to the Company's
2018 Equity Incentive Plan.
About Bank7 Corp.
We are Bank7 Corp., a bank holding company headquartered in
Oklahoma City, Oklahoma. Through
our wholly-owned subsidiary, Bank7, we operate twelve full-service
branches in Oklahoma, the
Dallas/Fort Worth, Texas
metropolitan area, and Kansas. We
are focused on serving business owners and entrepreneurs by
delivering fast, consistent, and well-designed loan and deposit
products to meet their financing needs. We intend to grow
organically by selectively opening additional branches in our
target markets as well as pursuing strategic acquisitions.
Cautionary Statements Regarding Forward-Looking
Information
This communication contains a number of forward-looking
statements. These forward-looking statements reflect Bank7 Corp.'s
current views with respect to, among other things, future events
and Bank7 Corp.'s financial performance. Any statements about Bank7
Corp.'s expectations, beliefs, plans, predictions, forecasts,
objectives, assumptions or future events or performance are not
historical facts and may be forward-looking. These statements are
often, but not always, made through the use of words or phrases
such as "anticipate," "believes," "can," "could," "may,"
"predicts," "potential," "should," "will," "estimate," "plans,"
"projects," "continuing," "ongoing," "expects," "intends" and
similar words or phrases. Any or all of the forward-looking
statements in (or conveyed orally regarding) this presentation may
turn out to be inaccurate. The inclusion of or reference to
forward-looking information in this presentation should not be
regarded as a representation by Bank7 Corp. or any other person
that the future plans, estimates or expectations contemplated by
Bank7 Corp. will be achieved.
These forward-looking statements are subject to significant
uncertainties because they are based upon: the amount and timing of
future changes in interest rates, market behavior, and other
economic conditions; future laws, regulations, and accounting
principles; changes in regulatory standards and examination
policies, and a variety of other matters. These other matters
include, among other things, the direct and indirect effect of
economic conditions on interest rates, credit quality, loan demand,
liquidity, and monetary and supervisory policies of banking
regulators. Bank7 Corp. has based these forward-looking statements
largely on its current expectations and projections about future
events and financial trends that Bank7 Corp. believes may affect
its financial condition, results of operations, business strategy
and financial needs. Bank7 Corp.'s actual results could differ
materially from those anticipated in such forward-looking
statements as a result of risks, uncertainties and assumptions that
are difficult to predict. If one or more events related to these or
other risks or uncertainties materialize, or if Bank7 Corp.'s
underlying assumptions prove to be incorrect, actual results may
differ materially from what Bank7 Corp. anticipates. You are
cautioned not to place undue reliance on forward-looking
statements. Further, any forward-looking statement speaks only as
of the date on which it is made and Bank7 Corp. undertakes no
obligation to update or revise any forward-looking statement to
reflect events or circumstances after the date on which the
statement is made or to reflect the occurrence of unanticipated
events, except as may be required by law. All forward-looking
statements herein are qualified by these cautionary statements.
Contact:
Thomas Travis
President & CEO
(405) 810-8600
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SOURCE Bank7 Corp.
