Red River Bancshares Entered Into A Stock Repurchase Agreement With 2 Shareholders For The Repurchase By The Company Of 50,000 Shares Of Its Common Stock In A Privately-Negotiated Transaction For A Purchase Price Of $2.5M

Author: Benzinga Newsdesk | November 05, 2024 04:46pm

Red River Bancshares, Inc. (NASDAQ:RRBI) (the "Company") announced today that, on November 5, 2024, the Company entered into a stock repurchase agreement with two shareholders for the repurchase by the Company of 50,000 shares of its common stock in a privately-negotiated transaction for a purchase price of $2.5 million. The purchase price reflects a discount to the 10-, 20-, and 30-day volume weighted average price on November 1, 2024. Blake Chatelain, the Company's President and Chief Executive Officer, said, "We are pleased to complete this repurchase, which shows our continued commitment to increasing shareholder value."

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