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Select launches second stock buyback in 13 months

Oct. 5. Select Bancorp, the holding company for Select Bank & Trust, has approved a new stock repurchase plan for up to 875,000 outstanding shares of its common stock. The company may repurchase shares on the open market or through privately negotiated transactions. The new plan replaces one announced in September 2019 for 937,248 outstanding shares, all of which were purchased at an average price of $9.85 per share. Select opened a branch in Cornelius earlier this year. The common stock is listed on Nasdaq under the symbol SLCT.


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