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National Bank Holdings (NBHC) in Greenwood Village, Colo., cut expenses to compensate for lower revenue in the third quarter.
October 24 -
National Bank Holdings Corp., a company formed in 2009 to buy failed banks, is planning to contract its branch network.
October 1 -
National Bank Holdings (NBHC) in Greenwood Village, Colo., has formed a division to specialize in government and nonprofit clients.
October 22
National Bank Holdings Corp. (NBHC) in Greenwood Village, Colo., has bought back about $100 million worth of shares from an institutional investor.
The $5.1 billion-asset company bought back more than 5 million shares, or 9.8% of its total outstanding, at $20 a share, it announced Friday. The price is a 2% discount to its Friday closing stock price of $20.37.
"We believe that our stock represents a compelling investment at these levels," said Chief Executive G. Timothy Laney in a news release. "This repurchase enhances the efficiency of our balance sheet and represents an excellent use of our stockholders' capital."
National Bank Holdings did not name the investor that sold the shares. The company was formed in 2009 by private-equity firms to buy troubled banks. It had in initial public offering in September 2012.
National Bank Holdings
