Bank of Commerce Holdings announces an Equity Buyback for 1,000,000 shares, representing 6% of its issued share capital.

The Board of Directors of Bank of Commerce Holdings (NasdaqGM:BOCH) authorized a share repurchase program on January 16, 2013. Under the plan, the company will repurchase up to 1,000,000 shares, representing 6% of its outstanding shares. Repurchases will be made on the open market or through privately negotiated transactions from time to time when, at management's discretion, it is determined that market conditions and other factors warrant such purchases.

The purpose of the plan is to enhance shareholder value. There is no guarantee as to the exact number of shares to be purchased, and the stock repurchase plan may be modified, suspended, or terminated without prior notice. The plan will expire after 12 months.