In further action, Baylake Corp's Board of Directors on April 15, 2014 extended the common stock repurchase program originally approved on May 23, 2013 allowing for up to an additional 400,000 shares of its common stock to be repurchased and extended the allotted time period for the repurchase to occur for a year to May 20, 2015. This program will allow the Company to continue to repurchase its shares as opportunities arise at prevailing market prices in the open market or privately negotiated transactions, the extent of such repurchases being dependent upon market conditions and other corporate considerations. Since inception, 299,500 shares of common stock have been repurchased under this program.
Baylake is a bank holding company. Through its wholly-owned subsidiary bank, Baylake Bank (the Bank), and its other subsidiaries, Co. provides a range of banking and related business activities. The Bank is a community bank providing a range of financial services primarily to small businesses and individuals located in Co.'s market area. Co. conducts its community banking business through 23 financial centers located throughout Northeast Wisconsin, in Brown, Door, Green Lake, Kewaunee, Manitowoc, Outagamie, and Waushara Counties. At Dec 31 2012, Co. had total assets of $1.24 billion and total deposits of $806.0 million. Open the BYLK Page at The Online Investor »
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