Benzinga | Aug 14, 2020 09:08AM EDT

Bancorp 34, Inc. Announces Voluntary NASDAQ Delisting, SEC Deregistration And Adoption Of Stock Repurchase Program

ALAMOGORDO, N.M., Aug. 14,2020 /PRNewswire/ --Bancorp 34, Inc. (the "Company") (NASDAQ:BCTF), the holding company for Bank 34, announced today that it has notified the NASDAQ Stock Market of the Company's intent to voluntarily delist its common stock from the NASDAQ Capital Market. The Company further intends to withdraw the registration of its common stock with the U.S. Securities and Exchange Commission (the "SEC") under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). In addition, the Company has adopted a stock repurchase program for a total purchase price not to exceed $600,000.