COLUMBIA, Md., Nov. 20 /PRNewswire/ -- Columbia Bancorp (Nasdaq: CBMD)
announced today that the Board of Directors approved a stock repurchase
program for up to 400,000 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 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 currently operates thirteen banking offices and provides a full
range of financial services to consumers and businesses. 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
CONTACT:
John A. Scaldara, Jr., CFO and Secretary of
Columbia Bancorp, 410-465-4800
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