Texas Community Bancshares approves new share repurchase program

Texas Community Bancshares (TCBS), the holding company of Broadstreet Bank, SSB, announced that its Board of Directors has approved a new stock repurchase program that authorizes the Company to repurchase up to 144,364 shares, which equals approximately 5% of its outstanding common stock as of December 16. The Company also announced that as of December 16 it had completed the repurchase of 153,083 shares of its common stock authorized under the prior share repurchase program previously disclosed. The Company intends to conduct any repurchases through open market purchases, including by means of a trading plan adopted under SEC Rule 10b5-1, or in privately negotiated transactions, subject to market conditions and other factors.