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ALEXANDRIA, La. - Red River Bancshares, Inc. (NASDAQ:RRBI) announced Thursday it has repurchased 100,000 shares of its common stock in a privately-negotiated transaction for $5.3 million.
The Louisiana-based bank holding company said the purchase price reflects a discount to the 10-, 20-, and 30-day volume weighted average price as of August 1, 2025.
This transaction is separate from the company’s previously announced $5.0 million share repurchase program that runs through December 31, 2025, which still has approximately $4.3 million in remaining capacity.
"We are excited to complete this repurchase, which shows our continued commitment to delivering shareholder value," said Blake Chatelain, President and Chief Executive Officer of Red River Bancshares.
Red River Bancshares is the parent company of Red River Bank, a Louisiana state-chartered bank established in 1999. The bank operates 28 banking centers throughout Louisiana and one combined loan and deposit production office in New Orleans.
The company’s banking centers are located across several Louisiana markets including Alexandria, Shreveport-Bossier City, Baton Rouge, Lake Charles, Covington, Lafayette, and New Orleans.
The information in this article is based on a company press release statement.
In other recent news, Red River Bancshares, Inc. announced a significant increase in its quarterly dividend. The board of directors declared a cash dividend of $0.15 per share of common stock. This represents a 25% increase from the previous quarter’s dividend of $0.12 per share. The dividend will be payable on September 18, 2025, to shareholders who are on record as of September 8, 2025. This development highlights the company’s commitment to returning value to its shareholders. Investors may find this increase noteworthy as it reflects the company’s financial health and strategic priorities. The announcement is part of Red River Bancshares’ recent developments, which could impact investor sentiment.
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