In Brief: FCNB to Repurchase Up to $4M of Its Stock

FCNB Corp. said last week it intends to repurchase up to $4 million of its outstanding stock through open market transactions over the next five years. The bank said the buybacks, which could begin immediately, are a "favorable investment opportunity for the company" and would benefit shareholders as well.

FCNB has 5,390,779 outstanding shares, and its stock was trading last week at $18.87.

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