trending Market Intelligence /marketintelligence/en/news-insights/trending/3lu4hhx6mksbkho_v4lpdg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

First Reliance Bancshares approves stock buyback

Blog

Banking Essentials Newsletter: May Edition

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks


First Reliance Bancshares approves stock buyback

First Reliance Bancshares Inc.'s board approved the repurchase of up to about 30,000 shares of the company's common stock and series D preferred stock through Dec. 31.

The buyback plan was approved since the company believes the share trading prices were undervalued.

Additionally, the bank reported second-quarter net income available to common shareholders of $465,797, or 6 cents per share, compared to $662,633, or 14 cents per share, a year ago.