Select Bancorp Announces New Stock Repurchase Plan
Select Bancorp, Inc. (SLCT)
Last select bancorp, inc. earnings: 1/24 04:35 pm
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US:NASDAQ Investor Relations:
selectbank.com/about-us/news-and-annual-reports
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Source: GlobeNewswire
DUNN, N.C., Sept. 17, 2019 (GLOBE NEWSWIRE) -- Select Bancorp, Inc. (the “Company” NASDAQ: SLCT), the holding company for Select Bank & Trust Company, announced today that its Board of Directors has approved a new stock repurchase plan. Under the new plan, the Company is authorized to repurchase up to 937,248 outstanding shares of its common stock. The Company may repurchase shares on the open market or through privately negotiated transactions. The new plan replaces a stock repurchase plan previously announced in August 2016 that authorized the Company to repurchase up to 581,518 outstanding shares of its common stock. The Company has repurchased all 581,518 shares authorized under the prior plan at an average price of $10.85 per share. President and Chief Executive Officer William L. Hedgepeth II stated, “We are pleased that the Company’s historical financial performance and well-capitalized status give us the potential to return value to our shareholders through this share repur
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