South Plains Financial Inc. (SPFI) Announces Resumption of Share Repurchase Program

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Go back to South Plains Financial Inc. (SPFI) Announces Resumption of Share Repurchase Program

South Plains Financial, Inc. Announces Resumption of Share Repurchase Program

November 2, 2020 7:30 AM EST

LUBBOCK, Texas, Nov. 02, 2020 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ: SPFI) (South Plains or the Company), the parent company of City Bank, today announced that the board of directors of the Company (the Board) authorized the resumption of its share repurchase program. The share repurchase program commenced in March of 2020 and allows for the repurchase of up to $10 million of the Companys common stock. Repurchases under the share repurchase program were temporarily suspended by the Board in April of 2020 in light of the uncertainties presented by the COVID-19 pandemic and... More