TC Bancshares, Inc. announces an Equity Buyback for 450,000 shares, representing 10% of its issued share capital.
December 15, 2023 at 04:15 pm EST
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TC Bancshares, Inc. (NasdaqCM:TCBC) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares of its common stock, representing 10% of its issued share capital.
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. 
