West Coast Community Bancorp filed a Form 8-K on November 13, 2026, disclosing that its Board of Directors authorized a new share repurchase program of up to $25 million in common stock, expiring December 31, 2028.

Key Highlights

  • Program size: The Board authorized repurchases of up to $25 million of the company's common stock.
  • Expiration date: The share repurchase program expires December 31, 2028.
  • No obligation to repurchase: According to the filing, "the program does not obligate the Company to repurchase any number of specified shares."
  • Funding source: The company disclosed it intends to fund repurchases from internally held funds, supplemented as needed by a dividend from West Coast Community Bank.
  • Regulatory compliance: Repurchases are to be executed in compliance with Rules 10b-18 and 10b5-1 under the Securities Exchange Act of 1934, as amended.
  • Program flexibility: The filing states the program "may be suspended, terminated or modified any time without notice" and is subject to customary regulatory approvals or non-objections.

West Coast Community Bancorp Board Approves New Open-Market Repurchase Authorization

West Coast Community Bancorp (NASDAQ:WCCB), the parent company of West Coast Community Bank, reported on November 13, 2026 that its Board of Directors authorized a share repurchase program allowing the company to buy back up to $25 million of its common stock. According to the filing, purchases may be made in the open market or through privately negotiated transactions "as market conditions warrant."

The filing disclosed that the timing, price, and actual number of shares repurchased will be "at the discretion of the Company" and will depend on factors including general market conditions, the company's stock price, regulatory requirements and limitations, and corporate liquidity requirements and priorities. The program is set to expire on December 31, 2028, though the company noted it may be suspended, terminated, or modified at any time without notice.

West Coast Community Bancorp stated it plans to fund the repurchases from presently held internal funds, with dividends from West Coast Community Bank used as a supplemental source as needed. The company is an emerging growth company, as indicated on the filing's cover page. The 8-K was signed by Cecilia Situ, Executive Vice President and Chief Financial Officer, on November 13, 2026. A press release announcing the program was filed as Exhibit 99.1.

What Was Disclosed

West Coast Community Bancorp disclosed a new Board-authorized share repurchase program of up to $25 million, running through December 31, 2028, to be funded from internal funds and supplemental bank dividends, with no obligation to repurchase any specified number of shares.