Cashmere Valley Bank (OTCPK:CSHX) announces a share repurchase program. Under the program, the company will repurchase up to 340,000 of its common stock, representing 8.56% of its issued share capital for $23.8 million. The shares will be repurchased at a price of $70 per share. The Bank expects to fund the purchase of shares in the tender offer with cash on hand. The purpose of the program is to enhance shareholder value. The program will expire on May 13, 2021, unless extended. As of March 31, 2021, the Bank had 3,972,304 shares of common stock issued and outstanding.