Red River Bancshares repurchases 50,000 shares for $2.5M from trusts of former director's family

RED RIVER BANCSHARES INC

Repurchased 50,000 shares at ~$50/share; price reflects discount to 10-, 20-, 30-day VWAP on Nov 1, 2024.
Total purchase price approximately $2.5 million; transaction expected to close by Nov 7, 2024.
Sellers are trusts for children of former director John C. Simpson; cited estate planning diversification.
Trusts' collective beneficial ownership will decline from 8.4% to 7.7% of outstanding common stock.
CEO Blake Chatelain stated repurchase demonstrates commitment to increasing shareholder value.

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