By Dean Seal
The board of Independent Bank has adopted a share repurchase plan for 2024 that authorizes it to buy back up to 1.1 million shares, or 5% of its common stock.
The bank holding company said it intends to complete the repurchases through open market transactions and other means, including privately negotiated deals.
The timing and amount of the repurchases could vary and will depend on various factors, including securities law restrictions, Independent Bank said.
The repurchases will be funded with cash on hand.
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