Red River Bancshares Inc. (NASDAQ: RRBI) announced that it has entered into a private stock repurchase agreement with two of its shareholders for $3 million as of Aug 8, 2024. This move lowered its repurchase program availability by the same amount. Per the agreement, the company is set to repurchase 60,000 shares for $3 million, signifying a discount to the 10, 20 and 30-day volume weighted average price on Jul 31, 2024. RRBI has amended its $5 million program, which was approved in December 2023, in light of this agreement. Upon the completion of this transaction, the company will have roughly $1.2 million worth of shares available under the authorization for repurchase. Blake Chatelain, president and CEO of Red River Bancshares, stated, "We are pleased to complete this repurchase, which shows our continued commitment to increasing shareholder value." Red River Bancshares has been engaged in returning capital to shareholders through share repurchases. In the first half of 2024, the company repurchased 16,220 shares at an aggregate cost ...