City Holding Company Announces Approval of Stock Repurchase Plan

CHARLESTON, W.V.--(BUSINESS WIRE)--City Holding Company, “the Company” (NASDAQ:CHCO), a $5.8 billion bank holding company headquartered in Charleston, today announced that the board authorized the Company to buy back up to 1,000,000 of its common shares (approximately 6% of outstanding shares) in open market transactions at prices that are accretive to the earnings per share of continuing shareholders. Management may commence or suspend purchases at any time or from time-to-time based on market and business conditions and without prior notice. No time limit has been placed on the duration of the share repurchase program. As part of its authorization, the Company rescinded the previous share repurchase plan approved February 27, 2019. Through March 31, 2021, the Company repurchased 908,701 shares under the February 2019 plan.