South Plains Financial, Inc. Announces Approval of Stock Repurchase Program
November 01 2021 - 6:30AM
South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the
“Company”), today announced that the board of directors of the
Company approved a new stock repurchase program for up to $10
million shares of outstanding common stock (the “new repurchase
plan”) beginning on November 6, 2021 and concluding on November 6,
2022, subject to earlier termination or extension of the new
repurchase plan by the Board. The stock repurchase plan currently
in place (the “expiring repurchase plan”) will expire prior to the
new repurchase plan becoming effective. Any remaining shares under
the expiring repurchase plan will not be rolled into the new
repurchase plan.
About South Plains Financial,
Inc.
South Plains is the bank holding company for
City Bank, a Texas state-chartered bank headquartered in Lubbock,
Texas. City Bank is one of the largest independent banks in
West Texas and has additional banking operations in the Dallas, El
Paso, Greater Houston, the Permian Basin, and College Station,
Texas markets, and the Ruidoso, New Mexico market. South Plains
provides a wide range of commercial and consumer financial services
to small and medium-sized businesses and individuals in its market
areas. Its principal business activities include commercial and
retail banking, along with insurance, investment, trust and
mortgage services. Please
visit https://www.spfi.bank for more information.
Contact: |
Mikella Newsom, Chief Risk Officer and Secretary |
|
investors@city.bank |
|
(866) 771-3347 |
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Source: South Plains Financial, Inc.
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