CoastalSouth Bancshares authorized a $15 million stock repurchase plan effective May 1, 2026 through April 30, 2027, signaling capital return to shareholders.
Key takeaways
Board authorized up to $15 million in share repurchases over one year.
Repurchases may be executed via open market, accelerated programs, or private transactions.
Plan effective May 1, 2026, expires April 30, 2027, unless extended.
Company not obligated to repurchase any specific amount; plan may be suspended or discontinued.
Repurchases allowed under Rule 10b5-1 trading plans during blackout periods.