CSB Bancorp, Inc. filed a Form 8-K on October 28, 2026, disclosing that its Board of Directors authorized a new share repurchase program covering up to 131,350 shares, or 5%, of the company's outstanding common stock, while terminating its prior February 2021 repurchase program.

Key Highlights

  • Repurchase size: The Board authorized repurchases of up to 131,350 shares, representing 5% of the company's outstanding common shares.
  • Prior program terminated: The share repurchase program adopted in February 2021 has been terminated in conjunction with this new authorization.
  • Methods of repurchase: Purchases may be made in the open market, through block trades, via Rule 10b5-1 trading plans, or in privately negotiated transactions.
  • Treasury stock use: Repurchased shares will be held as treasury stock and made available for general corporate purposes.
  • No guarantee: According to the filing, "the exact number of shares to be repurchased by the Company is not guaranteed."
  • Timing discretion: Repurchases may be commenced or suspended at any time or periodically without prior notice, depending on market conditions and other factors.

CSB Bancorp Board Approves New Buyback, Ends 2021 Program

CSB Bancorp, Inc. (OTCID:CSBB), an Ohio-incorporated bank holding company headquartered in Millersburg, Ohio, disclosed through an Item 7.01 Regulation FD filing that its Board of Directors has authorized a new share repurchase program. The program permits the company to buy back up to 131,350 shares of its common stock, par value $6.25 per share, which the filing states equals 5% of the company's outstanding common shares.

According to the filing, repurchases will be made "periodically depending on market conditions and other factors." The company identified several permissible repurchase methods: open market purchases, block trades, transactions conducted pursuant to a Rule 10b5-1 trading plan, and privately negotiated transactions. All repurchased shares will be held as treasury stock and remain available for general corporate purposes, the filing stated.

The filing also noted that the prior repurchase program, which the company adopted in February 2021, is now terminated. The disclosure was signed by Paula J. Meiler, Senior Vice President and Chief Financial Officer of CSB Bancorp, Inc., on October 28, 2026. The filing carries no forward-looking assurances on timing or volume, stating explicitly that commencement or suspension may occur "at any time or periodically without prior notice."

What Was Disclosed

CSB Bancorp disclosed a new Board-authorized share repurchase program for up to 131,350 shares (5% of outstanding common stock), the permissible repurchase methods, treasury stock treatment of repurchased shares, and the termination of its February 2021 repurchase program.