September 02, 2015
In our earnings release dated July 29, 2015, we announced the implementation of the Bank's Excess Stock Management Program, as approved by the board of directors. The program is designed to manage the level of Bank stock to ensure that we are prudently capitalized at all times, our capital structure remains efficient, and the allocation of excess stock ownership is equitable among members.
Read the letter to shareholders .
Read the FAQs .