Red River Bancshares repurchases 60,000 shares for $3.0M from former director family trusts

RED RIVER BANCSHARES INC

Repurchased 60,000 shares from two Simpson family trusts for ~$3.0M at a discount to VWAP.
Reduces existing $5.0M repurchase program by $3.0M; remaining capacity ~$1.2M.
Trusts held 9.2% combined pre-repurchase; post-repurchase 8.4%.
Transaction approved by Board; expected to close by Aug 12, 2024.
CEO cites commitment to shareholder value; trusts cite estate planning diversification.

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