CONSUMERS BANCORP, INC. (OTCMKTS:CBKM) Files An 8-K Other Events
Item 8.01Other Events
Effective March 11, 2020, Consumers Bancorp, Inc. Board of Directors approved a share repurchase program under which up to 100,000 shares of Consumers’ common stock can be repurchased over the next twelve months. Repurchases can be made from time-to-time in the open market or through privately negotiated transactions depending on market and/or other conditions. The repurchase program may be modified, suspended or discontinued at any time.
The information contained in this Current Report on Form 8-K contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may involve risks and uncertainties that are difficult to predict, may be beyond Consumers’ control and could cause actual results to differ materially from those described in such statements. Although Consumers believes that the expectations reflected in such forward-looking statements are reasonable, Consumers can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements and that could adversely affect Consumers’ performance include, but are not limited to: changes in general economic, political, or industry conditions; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Federal Reserve Board; volatility and disruptions in global capital and credit markets; movements in interest rates; competitive pressures on product pricing and services; success, impact, and timing of our business strategies; the nature, extent, timing, and results of governmental actions; and other factors that may affect our future results. The forward-looking statements included in this discussion speak only as of the date they are made, and, except as required by law, Consumers undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.
About CONSUMERS BANCORP, INC. (OTCMKTS:CBKM)
Consumers Bancorp, Inc. is a bank holding company. The Company holds common stock of Consumers National Bank (Bank). The Company is engaged in the business of commercial and retail banking. The Bank’s business involves attracting deposits from businesses and individual customers and using such deposits to originate commercial, mortgage and consumer loans in its market area, consisting of Carroll, Columbiana, Stark, Summit, Wayne and contiguous counties in Ohio. As of June 30, 2016, the Bank had 12 branch locations and two loan production offices. Its business banking consists of checking, including business entree checking and business complete checking; business debit card; business savings; business services; loans and credit, and services for employers. Its personal banking services include checking, which consists of Brilliant High Yield Checking, Flash Checking, Bright Checking and Vivid Interest Checking; personal debit card, and savings and certificates of deposit (CDs).