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SouthCrest Financial board OKs $10M repurchase program


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SouthCrest Financial board OKs $10M repurchase program

Atlanta-based SouthCrest Financial Group Inc.'s board approved a share repurchase plan that allows the company to buy back up to $10 million of its common stock through 2021.

The company completed its previous $5 million share repurchase program.

SouthCrest Financial reported preliminary third-quarter net income of $1.4 million, or 18 cents per share.