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SABK - South Atlantic Bancshares board reauthorizes stock repurchase program
South Atlantic Bancshares Inc
The board of South Atlantic Bancshares (OTCQX:SABK), the parent of South Atlantic Bank, reauthorized a stock repurchase program. As part of the program, the company may, from time to time, purchase up to 5% of its outstanding shares in privately negotiated transactions or the open market. The program expires May 17, 2023. SABK shares are trading at a per share price of $15.50.