PBCO Financial Corporation (the Company) (OTCPK: PBCO), the holding company of People’s Bank of Commerce (Bank), announced that its Board of Directors has adopted a program under which the Company may repurchase up to $3,000,000 worth of shares of its common stock. This is the Company’s first stock repurchase program since completing its holding company formation in 2022.

Julia Beattie, President and Chief Executive Officer, stated, “Enhancing shareholder value is a priority for the Board of Directors and this stock repurchase program demonstrates that commitment. The plan is reflective of our strong capital position and is consistent with our goals of increasing both returns and liquidity for our shareholder base.”

Repurchases are expected to commence on or after February 18, 2025. Shares may be repurchased in open market or private transactions and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 promulgated by the Securities and Exchange Commission.

The timing and amount of any repurchases will depend on a number of factors, including the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company’s financial performance. Open market purchases will generally be made in accordance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and other applicable legal requirements. Any repurchased shares will be returned to the Company’s authorized but unissued shares. The Company is not obligated to repurchase a specific dollar amount, any particular number of shares or any shares in any specific time period. The repurchase program will expire on December 31, 2026, subject to the earlier termination or extension by the Board of Directors, and may be suspended or discontinued at any time.

About PBCO Financial Corporation

PBCO Financial Corporation’s stock trades on the over-the-counter market under the symbol PBCO. Additional information about the Company is available in the investor section of the Company’s website at: www.peoplesbank.bank.

Founded in 1998, People’s Bank of Commerce is a full-service, commercial bank headquartered in Medford, Oregon with branches in Albany, Ashland, Central Point, Eugene, Grants Pass, Jacksonville, Klamath Falls, Lebanon, Medford, and Salem.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by the use of words or phrases such "believes," "expects," "anticipates," "foresees," "forecasts," "estimates," “plans,” “projects,” or other words or phrases of similar import indicating that the statement addresses some future result, occurrence, plan or objective. Similarly, statements herein that describe People’s Bank’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied in forward-looking statements.

Julia Beattie, President & CEO (541) 608-8920, julia.beattie@peoplesbank.bank