The Board of Directors of American Church Mortgage Co. (OTCBB:ACMC) authorized a share repurchase program on July 13, 2011. Under the program, American Church Mortgage will repurchase up to 250,000 shares at a price of $4 per share less $20 administrative fee that the company may, in its discretion, charge for repurchases. Shares may be repurchased at the sole discretion of the company, subject to the funds available after meeting company obligations; shareholders must present for repurchase either a minimum of 500 shares, or the total number of shares registered in such shareholder's name; and the plan may be modified or rescinded at Board's discretion upon 10 days' notice to shareholders. The repurchased shares will be canceled and will have the status of authorized but unissued shares. The repurchased shares will not be reissued unless they are first registered with the Securities and Exchange Commission under the Securities Act of 1933, as amended, and other appropriate state securities laws or otherwise issued pursuant to exemptions from applicable registration requirements of such laws. The advisor to the company, Church Loan Advisors, Inc., shall not be permitted to participate in the repurchase plan.

On December 17, 2012, the company announced that it has increased the number of shares to be repurchased by 10,750 shares, thereby leading the total authorization to 260,750 shares. As of September 30, 2012, the company has repurchased 236,240 shares for $0.94 million.

American Church Mortgage Co. completed its share repurchase program on December 24, 2012.