Texas Community Bancshares, Inc. announces an Equity Buyback for 161,316 shares, representing 5% of its issued share capital.
November 09, 2023 at 09:06 pm
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Texas Community Bancshares, Inc. (NasdaqCM:TCBS) announces a share repurchase program. Under the program, the company will repurchase up to 161,316 shares, representing 5% of its share capital.
Texas Community Bancshares, Inc. is a holding company for Broadstreet Bank, SSB (the Bank). The Bank is a Texas-chartered savings bank. The Bankâs business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings from the Federal Home Loan Bank of Dallas, in residential real estate loans and commercial real estate loans and, to a lesser extent, commercial loans, construction and land loans, and consumer and other loans. It also invests in securities which have historically consisted primarily of mortgage-backed securities and obligations issued by the United States government-sponsored enterprises and others, state and municipal securities, collateralized mortgage obligations, corporate bonds, and Federal Home Loan Bank stock. It offers a variety of deposit accounts, including checking accounts, money market accounts, savings accounts and certificates of deposit accounts.
TEXAS COMMUNITY BANCSHARES, INC. 
