The Towa Bank, Ltd. (TSE:8558) announces an share repurchase program. Under the program the company will repurchase 250,000 shares, representing 0.67% of the outstanding shares for ¥220 million. The purpose of the program is to allot shares for transfer following the exercise of compensation-type stock options. The program will run until the day before the Ordinary General Meeting of Shareholders on 2021. As of July 31, 2020, the company had 37,050,555 shares outstanding and 129,718 shares in treasury.