Citizens Holding Co.’s Board of Directors has authorized the repurchase of up to 200,000 shares of its outstanding common stock over the next 36 months. This new repurchase plan announced Wednesday was approved by the board to replace the plan that will expire Aug. 20.
“Our Board of Directors continually looks for opportunities to return value to our shareholders and are pleased to announce this new share repurchase program,” said Chief Executive Officer Greg L. McKee. “We believe that a continuation of the repurchase plan adopted on August 20, 2014 will continue our commitment to driving long-term value creation.”
Citizens Holding is parent of The Citizens Bank of Philadelphia, both headquartered in Philadelphia, Miss. The bank has 24 banking locations in 14 counties in east-central and south Mississippi.
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