Bank of South Carolina Corporation Authorizes Stock Repurchase Program

Provided By PR Newswire

Last update: May 25, 2023

CHARLESTON, S.C., May 25, 2023 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (NASDAQ: BKSC) (the "Company") the parent company for The Bank of South Carolina, authorized the repurchase of up to $2.0 million of the Company's issued and outstanding common stock from time to time through May 2026. This new program replaces the prior stock repurchase program approved by the Board of Directors on March 26, 2020, which had authorized the Company to purchase up to $1.0 million of common stock and expired on March 26, 2021, with an aggregate of $401,710.55 purchased through the expiration date.