SEATTLE, April 26, 2022 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (NASDAQ:SFBC) (the “Company”), the parent holding company of Sound Community Bank, today announced that its Board of Directors approved an extension of its previously announced stock repurchase program authorizing the Company to repurchase up to $2.0 million of its outstanding shares of common stock during the period ending October 29, 2022. The new repurchase plan extends the October 2021 plan, which authorized the repurchase of up to $2.0 million of the Company’s outstanding shares of common stock through April 25, 2022, of which approximately $352 thousand dollars, or 8,668 shares, had been repurchased as of April 25, 2022. Under the plan, the Company may purchase common stock from time to time in the open market, based on prevailing market prices, or in privately negotiated transactions, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.
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