COLUMBIA, Md., Oct. 31 /PRNewswire/ -- Columbia Bancorp (Nasdaq: CBMD)
parent company of The Columbia Bank, announced today that the Board of
Directors approved a stock repurchase program for up to 500,000 shares of its
Common Stock. Under the stock repurchase program, shares of Common Stock may
be acquired from time to time in open market transactions, in block purchases
or otherwise, subject to compliance with all applicable securities laws. The
shares acquired will be used to satisfy the exercise of outstanding stock
options or additional options to be granted, and for other appropriate
corporate purposes.
Columbia Bancorp, headquartered in Columbia, Maryland, is a bank holding
company and parent company of The Columbia Bank, a commercial bank. The
Columbia Bank provides a full range of financial services to consumers and
businesses through twenty-three branch offices located in Baltimore, Howard,
Montgomery and Prince George's Counties and Baltimore City. Columbia
Bancorp's Common Stock is traded on the National Market tier of The Nasdaq
Stock Market(SM) under the symbol "CBMD".
SOURCE Columbia Bancorp
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Related links:
http://www.columbank.com
Company News On-Call:
http://www.prnewswire.com/comp/127921.html or fax,
800-758-5804, ext. 127921
CONTACT:
John A. Scaldara, Jr., CFO and Secretary, of
Columbia Bancorp, 410-465-4800
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