Red River Bancshares, Inc. Announces Renewal of Stock Repurchase Program

Nov 04, 2022

ALEXANDRIA, La., Nov. 04, 2022 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that its board of directors approved the renewal of its stock repurchase program, which will expire on December 31, 2022. The repurchase program authorizes the Company to purchase up to $5 million of its outstanding shares of common stock from January 1, 2023 through December 31, 2023. Blake Chatelain, the Company’s President and Chief Executive Officer, said, “We are pleased to renew our stock repurchase program for 2023, which reinforces our commitment to returning excess capital to our shareholders.” Repurchases may be made from time to time in the open market at prevailing prices and based on market conditions, or in privately negotiated transactions.

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