/PRNewswire/ South Atlantic Bancshares, Inc. ("South Atlantic" or the "Company") (OTCQX: SABK), parent of South Atlantic Bank (the "Bank"), announced a.
/PRNewswire/ South Atlantic Bancshares, Inc. ("South Atlantic" or the "Company") (OTCQX: SABK), parent of South Atlantic Bank (the "Bank"), today announced.
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MYRTLE BEACH, S.C., May 11, 2021 /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 SABK (the Board ) has re-authorized a stock repurchase program pursuant to which the Company may, from time to time, purchase up to five percent of its outstanding shares of common stock. The shares may be repurchased from time to time in privately negotiated transactions or the open market, including pursuant to Rule 10b5-1 trading plans, and in accordance with applicable regulations of the SEC. The timing and exact amount of any repurchases will depend on various factors including, the performance of the Company s stock price, general market and other conditions, applicable legal requirements and other factors. The stock repurchase program has an expiration date of March 31, 2022. The stock repurchase program may be term