MINEOLA,
Texas, Nov. 9, 2023 /PRNewswire/ -- Texas
Community Bancshares, Inc. (the "Company") (NASDAQ: TCBS), the
holding company of Mineola Community Bank, S.S.B., announced that
its Board of Directors has approved a new stock repurchase program
that authorizes the Company to repurchase up to 161,316 shares,
which equals approximately 5% of its outstanding common stock as of
October 25, 2023. The Company also
announced that as of November 3,
2023, it had completed the repurchase of all 164,842 shares
of its common stock authorized under the prior share repurchase
program previously disclosed.
The Company intends to conduct any repurchases through open
market purchases, including by means of a trading plan adopted
under SEC Rule 10b5-1, or in privately negotiated transactions,
subject to market conditions and other factors. There is no
guarantee as to the exact number of shares that the Company may
repurchase. Throughout the execution of this program, the Company
is committed to retaining the financial flexibility it needs to
invest in its core operations. The stock repurchase program may be
suspended or discontinued at any time.
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SOURCE Texas Community Bancshares, Inc.
