Item 2.02 Results of Operations and Financial Condition.
On January 25, 2022, Randolph Bancorp, Inc. (the "Company"), the holding company
for Envision Bank, issued a press release announcing its financial results for
the three months and year ended December 31, 2021. The Company's press release
is included as Exhibit 99.1 to this report.
The information set forth in this Item 2.02 and in the attached Exhibit 99.1 is
deemed to be "furnished" and shall not be deemed "filed" for purposes of Section
18 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"),
or otherwise subject to the liabilities of that Section.
Item 8.01 Other Events.
On January 25, 2022, the Company announced that its Board of Directors declared
a regular quarterly dividend of $0.15 per common share and a one-time special
cash dividend of $2.00 per share. The dividends will be payable on February 22,
2022, to shareholders of record as of February 8, 2022. The Company's press
release announcing the dividends is included in Exhibit 99.1 to this report.
Also on January 25, 2022, the Company announced a modification of its stock
repurchase program (the "Program"), previously announced on October 26, 2021.
The modification changes the Program so that the Company may purchase up to
62,000 shares, or approximately 1% of the Company's outstanding common stock.
The Company repurchased 4,337 shares through the Program as of December 31,
2021.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Description
99.1 Press release dated January 25, 2022
104 Cover Page Interactive Data File (embedded within the XBRL document)
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