PHILADELPHIA — Citizens Holding Company’s board of directors has authorized the repurchase of up to 200,000 shares of its outstanding common stock over the next 36 months.
As part of the share repurchase program, shares may be purchased in open market transactions, including through block purchases, through privately negotiated transactions, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The timing, manner, price and amount of any repurchases will be determined in the company’s discretion and the share repurchase program may be suspended, terminated or modified at any time for any reason. The repurchase program does not obligate Citizens to acquire any specific number of shares, and all open market repurchases will be made in accordance with Exchange Act Rule 10b-18, which sets certain restrictions on the method, timing, price and volume of open market stock repurchases.
Citizens Holding Company is a one-bank holding company and the parent company of The Citizens Bank of Philadelphia, both headquartered in Philadelphia. Citizens Bank currently has 24 banking locations in 14 counties in East Central and South Mississippi. In addition to full-service commercial banking, the company offers mortgage loans and title insurance services through its subsidiary, Title Services, LLC.