Red River Bancshares, Inc. Announces Renewal of Stock Repurchase Program

ALEXANDRIA, La., Dec. 14, 2023 (GLOBE NEWSWIRE) — Red River Bancshares, Inc. (Nasdaq:RRBI) (the “Company”) announced today that its board of directors approved the renewal of its stock repurchase program. The current program was scheduled to expire on December 31, 2023 or the purchase of the full $5.0 million authorized thereunder, which occurred on December 8, 2023. The renewed repurchase program authorizes the Company to purchase up to $5.0 million of its outstanding shares of common stock from January 1, 2024 through December 31, 2024. Blake Chatelain, the Company’s President and Chief Executive Officer, said, “We are pleased to renew our stock repurchase program for 2024, which shows our continued commitment to creating long-term value for our shareholders.” Repurchases may be made from time to time in the open market at prevailing prices and based on market conditions, or in privately negotiated transactions.

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