Capital City Bank Launches New Stock Repurchase Program

Capital City Bank Group (CCBG) has released an update.

Capital City Bank Group, Inc. announced a new stock repurchase program authorized by its Board of Directors to repurchase up to 750,000 shares of common stock, starting February 1, 2024, and ending five years later on February 1, 2029. The repurchases can occur in the open market or through private transactions based on market conditions, without a commitment to a specific number of shares. Concurrently, the Company’s existing stock repurchase program was terminated.

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For a comprehensive understanding of the announcement, you can read the full document here.