TC Bancshares, Inc. announces an Equity Buyback for 250,000 shares.
June 27, 2023 at 09:34 am EDT
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TC Bancshares, Inc. (NasdaqCM:TCBC) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares of its common stock, representing 5% of its issued share capital. The program will expire on June 30, 2024.
TC Bancshares, Inc. is a bank holding company. The Company, through its subsidiary TC Federal Bank (the Bank), operates a chartered savings bank. The Bankâs business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations in one-to-four family residential real estate loans, commercial real estate and multi-family loans, acquisition, development and land loans, commercial and industrial loans, home equity loans and lines of credit and consumer loans. It conducts its business from its main office in Thomasville, Georgia as well as additional branch banking locations in Tallahassee, Florida and new branch locations in Jacksonville, Florida and Savannah, Georgia. Its investment portfolio includes United States treasury securities; securities issued by the United States government and its agencies or government sponsored enterprises, including mortgage-backed securities and collateralized mortgage obligations.
TC BANCSHARES, INC. 
