Company: NECB
Filing Date: 2025-12-09
Form Type: 8-K
Source: 0001104659-25-119517
Chunk: 0

Company: NorthEast Community Bancorp, Inc./MD/
Filing Date: 2025-12-09
Form: 8-K
Item: Item 8.01
Chunk 0
---
Item 8.01      Other Events.  

On December 8, 2025, NorthEast
Community Bancorp, Inc. (the “ Company”) issued a press release announcing that its Board of Directors has authorized a third
stock repurchase program to acquire up to 1,400,435 shares, or 10%, of the Company’s currently issued and outstanding common stock.

On May 30, 2023, the Company
announced its second stock repurchase program, which authorized the purchase of up to 1,509,218 shares of the Company’s common stock.
The Company repurchased 1,091,174 shares, at an average cost of $15.78 per share, under the second stock repurchase program prior to its
expiration and no shares currently remain available for repurchase under the second stock repurchase program.

The new stock repurchase program
permits shares to be repurchased in open market transactions or privately negotiated transactions, and pursuant to a trading plan that
the Company intends to adopt in accordance with Rule 10b5-1 of the Securities and Exchange Commission.

The timing and actual number
of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, and
other corporate liquidity requirements and priorities. The stock repurchase program does not obligate the Company to purchase any particular
number of shares, and it may be extended, modified or discontinued at any time.

A copy of the Company’s
press release is attached as Exhibit 99.1 and is incorporated by reference herein.