By Doc Louallen
Third Coast Bancshares said its board approved the continuation of a program to repurchase up to $30 million of common stock, expiring June 30, 2027.
The company notified the Federal Reserve Bank of Dallas of the program's continuation.
Shares may be bought in the open market, through privately negotiated transactions or block trades, and other methods compliant with federal securities laws.
The plan may be extended or halted at any time and doesn't obligate the company to repurchase stock.
Third Coast Bancshares is a Texas-based bank holding company operating mainly in Austin, Dallas-Fort Worth, Greater Houston and San Antonio through Third Coast Bank, with 21 branches.
Write to Doc Louallen at Doc.Louallen@wsj.com