Southwest Georgia Financial Corporation Announces $1.75M Share Repurchase Program
Staff Report From Valdosta CEO
Thursday, October 27th, 2016
Southwest Georgia Financial Corporation, the parent company of Southwest Georgia Bank, announced that its Board of Directors has authorized a share repurchase program up to $1.75 million of its outstanding shares of common stock through October 31, 2017.
“The implementation of this stock repurchase program validates Southwest Georgia Financial’s commitment to thoughtfully returning capital to our shareholders,” commented DeWitt Drew, President and CEO. “Importantly, our strong earnings stream and balance sheet allow us to execute this repurchase program and support our dividend, while at the same time continuing to make investments in our growth strategy.”