ONTARIO, Calif., April 28 /PRNewswire-FirstCall/ -- ICB Financial
(OTC Bulletin Board: ICBN) today announced that its Board of Directors has
approved an increase in the number of shares of it's common stock to be
repurchased under its share repurchase program from 250,000 shares to 400,000
shares, effective April 28, 2008. As of today the Corporation has
successfully completed the repurchase of 250,000 shares pursuant to the
original authorization by the Board. Because of the quick success of this
repurchase, the Board has authorized the repurchase of an additional 150,000
shares. The revised program will be continued through June 30, 2008.
The Corporation may repurchase shares on the open market or through
privately negotiated transactions. The price, timing and the number of
additional shares repurchased, if any, will be based on various market
conditions. Repurchased shares will be retired.
ICB Financial is a bank holding company headquartered in Ontario,
California. Its subsidiary, Inland Community Bank, N.A., specializes in
providing businesses and professionals with the management expertise of a
major bank and the personalized service of an independent bank.
For questions regarding the repurchase program: please contact James
Cooper, President and CEO at (909)-481-8706 Ext. 280 or Thomas Griel, Senior
Vice President and CFO at (909)-481-8706 Ext. 271. Repurchase of stock will
be conducted through:
Bill Ridgway / Capitol Securities Group Inc. (Clearing through Pershing,
LLC)
100 Concourse Boulevard, Suite 101
Glen Allen, VA 23059, Phone -- 888-612-1484
Troy Norlander / Stone & Youngberg
42605 Moonridge Road
Big Bear Lake, CA 92315-1688, Phone -- 800-288-2811
Joey J. Warmenhoven / McAdams Wright Ragen
1211 SW Fifth Ave., Ste. 1400
Portland, OR 97204, Phone 866-662-0351
SOURCE ICB Financial
James Cooper, President and CEO, +1-909-481-8706, ext. 280, or Thomas Griel,
Senior Vice President and CFO, +1-909-481-8706, ext. 271, both of ICB
Financial
