First Seacoast Bancorp, Inc. Authorizes Stock Repurchase Program For Up To 507,707 Shares
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First Seacoast Bancorp, Inc. Authorizes Stock Repurchase Program For Up To 507,707 Shares
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Effective June 11, 2024, First Seacoast Bank, the wholly-owned subsidiary of First Seacoast Bancorp, Inc. (Nasdaq: "FSEA"), completed its previously announced sale-leaseback transaction with MountainSeed Real Estate Services, LLC, a Georgia limited liability company ("MountainSeed"). Under the terms of the deal, First Seacoast Bank sold to MountainSeed four properties owned and operated by First Seacoast Bank as bank office locations (the "Properties") for an aggregate purchase price of approximately $7.5 million, including customary closing adjustments. The Properties are located in the immediate vicinity of Dover, New Hampshire, where First Seacoast Bank is headquartered. In tandem with
First Seacoast Bancorp, Inc. (the "Company") (Nasdaq Capital Market: FSEA), the holding company for First Seacoast Bank, announced today it has authorized a stock repurchase program for up to 507,707 shares of common stock, representing approximately 10% of shares currently outstanding, to be effective as soon as practicable after the Company files its Quarterly Report on Form 10-Q for the period ending March 31, 2024, with the Securities and Exchange Commission (the "SEC"). The Company intends to conduct the repurchases on the open market, including by means of a trading plan adopted under SEC Rule 10b5-1, subject to market conditions and other factors. There is no guarantee as to the nu
First Seacoast Bancorp, Inc. (the "Company") (NASDAQ Capital Market: FSEA), the holding company for First Seacoast Bank, announced today the execution of a balance sheet repositioning strategy related to its available-for-sale investment securities portfolio. The Company sold $40.6 million in book value of its lower-yielding investment securities for an estimated after-tax realized loss of $3.1 million. The investment securities sold consisted of $27.3 million of municipal bonds, $5.6 million of residential mortgage-backed securities, $3.9 million of U.S. Small Business Administration pools, $3.3 million of collateralized mortgage obligations and $497,000 of U.S. Government-sponsored ente
SC 13D/A - First Seacoast Bancorp (0001769267) (Subject)
4 - First Seacoast Bancorp, Inc. (0001943802) (Issuer)
4 - First Seacoast Bancorp, Inc. (0001943802) (Issuer)
4 - First Seacoast Bancorp, Inc. (0001943802) (Issuer)
10-Q - First Seacoast Bancorp, Inc. (0001943802) (Filer)
10-Q - First Seacoast Bancorp, Inc. (0001943802) (Filer)
11-K - First Seacoast Bancorp, Inc. (0001943802) (Filer)
4 - First Seacoast Bancorp, Inc. (0001943802) (Issuer)
3/A - First Seacoast Bancorp, Inc. (0001943802) (Issuer)
4 - First Seacoast Bancorp, Inc. (0001943802) (Issuer)
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