Southside Bancshares authorizes repurchase of up to 1 million shares

SOUTHSIDE BANCSHARES INC

Board authorized repurchase of up to 1 million shares of common stock.
Repurchases may be made via open market, private transactions, or 10b5-1 plans.
Company has no obligation to repurchase and may suspend or discontinue the plan at any time.
CEO Lee R. Gibson stated the plan reflects confidence and commitment to shareholder value.

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