The Board of Directors of The Akita Bank, Ltd. (TSE:8343) authorized a share repurchase program on August 22, 2013. Under the program, the company will repurchase upto 3,200,000 shares at a price of JPY 271 per share. The repurchases will be made through off-auction mode.

The repurchase program will be implimented on August 23, 2013.