UCSB Financial Holdings in Doral, Fla., bought stock from one of its biggest investors.
The company disclosed in a regulatory filing that it bought about 2 million shares of common stock from a group that includes Patriot Financial Partners, paying $17.19 a share, or about $34.4 million.
The negotiated price reflects a 1% discount to the 10-day volume-weighted average price on Sept. 2.