South Atlantic Bancshares, Inc. Announces Authorization of Stock Repurchase Program
MYRTLE BEACH, S.C., May 20, 2024 /PRNewswire/ — South Atlantic Bancshares, Inc. (“South Atlantic” or the “Company”) (OTCQX: SABK), parent of South Atlantic Bank (the “Bank”), today announced that the board of directors of the Company (the “Board”) has authorized a stock repurchase program for up to 380,341 of the outstanding shares of the Company’s common stock, equal to approximately $4.4 million as of the date of this press release.
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