TC Bancshares Initiates Stock Repurchase Program

TC Bancshares, Inc., the holding company for TC Federal Bank, has announced a new plan to buy back up to 200,000 shares of its common stock. This represents roughly 5% of its outstanding shares. This initiative marks the fourth repurchase authorization by the company since its reorganization in July 2021.

The company has the flexibility to repurchase shares through open market transactions or private deals. The decision on the timing and quantity of shares repurchased will be influenced by multiple factors, including market conditions and the company's financial state. The company is under no obligation to repurchase a specific number of shares.

Purchases will comply with legal standards and reflect the company's ongoing financial strategy.