Stellar Bancorp, Inc. announces an Increase in Equity Buyback.
May 25, 2023
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On May 26, 2023, the company announced an increase in its equity buyback plan. The company increased its authorization by an additional amount of $20 million, thereby increasing the total plan term monetary value authorization to $60 million and also extended its plan duration till May 31, 2024.
Stellar Bancorp, Inc. is a bank holding company. Through its wholly owned subsidiary, Stellar Bank (the Bank), the Company provides a diversified range of commercial banking services primarily to small-to-medium-sized businesses, professionals and individual customers within its markets. The Company offers a range of commercial and retail lending services, including commercial loans, loans to small businesses guaranteed by the small business administration (the SBA), mortgage loans, home equity loans, personal loans and automobile loans, among others. The types of deposit accounts that the Company offers are typical of most commercial banks and consist of checking accounts, commercial accounts, money market accounts, savings accounts and other time deposits of various types and terms. The Company operates over 54 full-service banking centers, with 37 banking centers in the Houston region, 16 banking centers in the Beaumont region and one banking center in Dallas, Texas.
STELLAR BANCORP, INC. 
