NEENAH, Wis. - FCB Financial Corp. said its board and the regulatory authorities have authorized it to repurchase up to 5% of its outstanding common shares.

The company said the purchases will be made from time to time in the open market, pursuant to privately negotiated transactions, or otherwise. The shares will be held as treasury shares pending potential future issuance, the company said.

The company currently has 2,909,500 common shares outstanding.

FCB is the parent of Fox Cities Bank, a federal savings bank.

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