Community Heritage Financial, Inc. Announces Adoption of Stock Repurchase Program
Community Heritage Financial, Inc. Announces Adoption of Stock Repurchase Program
PR Newswire
MIDDLETOWN, Md., Oct. 22, 2026
MIDDLETOWN, Md., Oct. 22, 2026 /PRNewswire/ -- Community Heritage Financial, Inc. (the "Company") (OTCID: CMHF), the parent company of Middletown Valley Bank, today announced that its Board of Directors has adopted a stock repurchase program. Under the repurchase program, the Company may repurchase up to 147 thousand shares of its common stock. This amount represents approximately 5.0% of the Company's 2.95 million shares of common stock outstanding.
The repurchase program permits shares to be repurchased from time to time on the open market, in private-negotiated transactions or otherwise. Repurchases will be made at management's discretion at prices management considers to be attractive and in the best interests of the Company and its stockholders, subject to general market conditions, the trading price of the Company's common stock, regulatory requirements and limitations, alternative uses for capital, the Company's financial performance, and other factors deemed appropriate.
The repurchase program expires August 21, 2027. The repurchase program may be suspended, terminated or modified at any time for any reason and does not obligate the Company to purchase any particular number of shares.
About Community Heritage Financial, Inc.
Community Heritage Financial, Inc. is the parent company of Middletown Valley Bank (the "Bank" or "MVB"). Middletown Valley Bank offers a full suite of personal and business banking solutions, along with residential mortgage lending through its MVB Home Loans division. At the heart of the MVB brand is a commitment to delivering Absolutely Exceptional Experiences – one customer, one community, one experience at a time. Founded in 1908 in Middletown, Maryland, MVB has grown to serve customers across Frederick, Washington, and Garrett counties in Maryland, as well as Franklin County, Pennsylvania. For more information, visit www.communityheritageinc.com or www.mvbbank.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements can generally be identified by the use of forward- looking terminology such as "believes," "expects," "intends," "may," "will," "should," "anticipates" or similar terminology. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, changes in interest rates, stock market liquidity, deposit flows, loan demand and real estate values, as well as changes in economic, competitive, governmental, regulatory, technological and other factors which may affect the Company specifically, its existing and target market areas or the banking industry in general. The realization or occurrence of these risks or uncertainties could cause actual results to differ materially from those addressed in the forward-looking statements. The statements in this press release are made as of the date of this release. The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or results or otherwise, except as required by law.
Community Heritage Financial, Inc.
Robert E. Goetz, Jr. ("BJ")
President & Chief Executive Officer
301-371-3055
John A. Scaldara, Jr.
Executive Vice President and Chief Financial Officer
301-371-3070
SOURCE Community Heritage Financial, Inc.
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