Item 2. Unregistered Sales of Equity Securities
ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds
There were no unregistered sales of equity securities during the period covered by this report.
Issuer Purchases of Equity Securities
On July 16, 2021, Bancorp Board of Directors approved a share repurchase program under which Bancorp could repurchase up to $25.0 million of its outstanding common stock through July 31, 2023. During the three months ended September 30, 2021, Bancorp repurchased 445,735 shares at an average price of $35.64 per share for a total cost of $15.9 million. Approximately $9.1 million remained available for repurchases as of September 30, 2021. On October 22, 2021, Bancorp's Board of Directors approved an amendment to the current share repurchase program, which increased the total authorization from $25.0 million to $57.0 million and left the expiration date unchanged. The following table reflects repurchases under this share repurchase program for the periods presented.
(in thousands, except per share data) Total Number of Shares Purchased Average Price Paid per Share 1
Total Number of Shares Purchased as Part of Publicly Announced Programs Approximate Dollar Value That May yet Be Purchased Under the Program
Period
July 1-31, 2021 37,182 $ 32.99 37,182 $ 23,772
August 1-31, 2021 159,360 35.98 159,360 $ 18,031
September 1-30, 2021 249,193 35.81 249,193 $ 9,098
Total 445,735 $ 35.64 445,735
1 Average price paid per share excludes commission.
ITEM 3 Defaults upon Senior Securities
None.
ITEM 4 Mine Safety Disclosures
Not applicable.
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