{"id":403126,"date":"2020-12-18T17:11:17","date_gmt":"2020-12-18T22:11:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=403126"},"modified":"2020-12-18T17:11:17","modified_gmt":"2020-12-18T22:11:17","slug":"third-century-bancorp-announces-adoption-of-stock-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/third-century-bancorp-announces-adoption-of-stock-repurchase-program\/","title":{"rendered":"Third Century Bancorp Announces Adoption of Stock Repurchase Program"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b><span class=\"bwuline\">Third Century Bancorp Announces Adoption of Stock Repurchase Program<\/span><\/b><\/p>\n<p>FRANKLIN, Ind.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\n(OTCPINK: TDCB) &#8211; Third Century Bancorp (the \u201cCompany\u201d), the holding company for Mutual Savings Bank (the \u201cBank\u201d), announced that it has adopted a stock repurchase program for up to approximately 5% of its outstanding common stock, or 50,000 shares of its common stock. The stock repurchase program will expire on December 8, 2021. Shares may be repurchased in open market or private transactions, through block trades, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.\n<\/p>\n<p>\nRepurchases will be made at management\u2019s discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company\u2019s financial performance.\n<\/p>\n<p>\nThe timing and amount of share repurchases under this authorization may be suspended, terminated or modified by the Company at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The Company is not obligated to repurchase any particular number of shares or any shares in any specific time period.\n<\/p>\n<p>\nFounded in 1890, Mutual Savings Bank is a full-service financial institution based in Johnson County, Indiana. In addition to its main office at 80 East Jefferson Street, Franklin, Indiana, the Bank operates branches in Franklin at 1124 North Main Street and the Otterbein Franklin Senior Life Community, as well as branches in Nineveh, Trafalgar and Greenwood, Indiana.\n<\/p>\n<p>\nThis press release contains certain forward-looking statements that are based on assumptions and may describe future plans, strategies and expectations of the Company. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cestimate\u201d and \u201cintend\u201d or future or conditional verbs such as \u201cwill,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201ccould\u201d or \u201cmay.\u201d Certain factors that could cause actual results to differ materially from expected results include the COVID-19 pandemic, changes in the interest rate environment, changes in general economic conditions, legislative and regulatory changes that adversely affect the business of the Company and the Bank, and changes in the securities markets. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements to reflect changes in belief, expectations or events.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201218005709r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201218005709\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201218005709\/en\/<\/a><\/span><\/p>\n<p>\nDavid A. Coffey, President and CEO<br \/>\n<br \/>Ryan Cook, Senior Vice President and CFO<br \/>\n<br \/>Tel. 317-736-7151 Fax 317-736-1726\n<\/p>\n<p><b>KEYWORDS:<\/b> Indiana United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201218005709\/en\/24681\/3\/ThirdCenturyLogoPMS286.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Third Century Bancorp Announces Adoption of Stock Repurchase Program FRANKLIN, Ind.&#8211;(BUSINESS WIRE)&#8211; (OTCPINK: TDCB) &#8211; Third Century Bancorp (the \u201cCompany\u201d), the holding company for Mutual Savings Bank (the \u201cBank\u201d), announced that it has adopted a stock repurchase program for up to approximately 5% of its outstanding common stock, or 50,000 shares of its common stock. The stock repurchase program will expire on December 8, 2021. Shares may be repurchased in open market or private transactions, through block trades, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. Repurchases will be made at management\u2019s discretion at prices management considers to be attractive and in the best interests of both &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/third-century-bancorp-announces-adoption-of-stock-repurchase-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Third Century Bancorp Announces Adoption of Stock Repurchase Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-403126","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Third Century Bancorp Announces Adoption of Stock Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/third-century-bancorp-announces-adoption-of-stock-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Third Century Bancorp Announces Adoption of Stock Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Third Century Bancorp Announces Adoption of Stock Repurchase Program FRANKLIN, Ind.&#8211;(BUSINESS WIRE)&#8211; (OTCPINK: TDCB) &#8211; Third Century Bancorp (the \u201cCompany\u201d), the holding company for Mutual Savings Bank (the \u201cBank\u201d), announced that it has adopted a stock repurchase program for up to approximately 5% of its outstanding common stock, or 50,000 shares of its common stock. The stock repurchase program will expire on December 8, 2021. Shares may be repurchased in open market or private transactions, through block trades, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. 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