Noticias y eventos de Texas Community Bancshares Inc (TCBS)TCBSTexas Community Bancshares Inc

Texas Community Bancshares Acquires San Jacinto County Bancshares for $9.5 Million

Texas Community Bancshares and The Banc of San Jacinto County Bancshares jointly announced that they have entered into a definitive merger agreement. Under the agreement, the Company will acquire SJCB in an all-cash transaction. This includes SJCB's wholly owned subsidiary, The Bank of San Jacinto County, a Texas non-member bank headquartered in Coldspring, Texas. Under the terms of the Merger Agreement, SJCB's shareholders will receive aggregate cash consideration of $9.5 million. At closing, each outstanding share of SJCB common stock will be converted into the right to receive a pro rata portion of the Aggregate Merger Consideration in cash. The boards of directors of both the Company and SJCB have unanimously approved the Merger Agreement. The Merger is expected to close in the first quarter of 2027. Closing is subject to customary closing conditions, including receipt of required regulatory approvals and approval of the Merger Agreement by SJCB's shareholders.

Texas Community Bancshares Declares $0.06 Dividend per Share

Texas Community Bancshares, the holding company of Broadstreet Bank, SSB, announced that its Board of Directors has declared the payment of a quarterly cash dividend of 6c per share on each outstanding share of common stock. The quarterly dividend represents a 1c per share increase over the prior quarterly dividend. The dividend will be payable on or about June 16 to stockholders of record as of the close of business on June 2.

Texas Community Bancshares Approves Stock Repurchase Program for Up to 144,364 Shares

Texas Community Bancshares, the holding company of Broadstreet Bank, SSB, announced that its Board of Directors has approved a new stock repurchase program that authorizes the Company to repurchase up to 144,364 shares, which equals approximately 5% of its outstanding common stock as of December 16. The Company also announced that as of December 16 it had completed the repurchase of 153,083 shares of its common stock authorized under the prior share repurchase program previously disclosed. The Company intends to conduct any repurchases through open market purchases, including by means of a trading plan adopted under SEC Rule 10b5-1, or in privately negotiated transactions, subject to market conditions and other factors.