The Bank of Iwate, Ltd. (TSE:8345) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.7% of its issued share capital for ?600 million. The purpose of the program is to carry out agile capital policies in response to future changes in the business environment. The program is valid till November 30, 2021. As of October 31, 2021, the company had 17,596,463 shares issued (excluding treasury stock) and 901,323 shares in treasury.