Red River Bancshares repurchases 100,000 shares from shareholder for $5.1M

Red River Bancshares (RRBI) announced that the company entered into a stock repurchase agreement with a shareholder for the repurchase by the company of 100,000 shares of its common stock in a privately-negotiated transaction for a purchase price of $5.1M. The purchase price reflects a discount to the 10-, 20-, and 30-day volume weighted average price on May 20. Blake Chatelain, the company’s president and CEO, said, “We are pleased to complete this repurchase, which shows our continued commitment to increasing shareholder value.”