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First Seacoast Bancorp, Inc. (the "Company") (Nasdaq Capital Market: FSEA), the holding company for First Seacoast Bank, announced today it has authorized additional share repurchases, up to an additional 228,858 shares of common stock, under its ongoing stock repurchase program. Previously announced in April 2024, the original repurchase authorization encompassed 507,707 shares of common stock, representing approximately 10% of the then outstanding shares. To date, the Company has repurchased 397,008 shares at an average price of $9.15 per share. The additional repurchase authorization represents approximately 5% of pro forma outstanding shares assuming the repurchase of the remaining sh
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
4 - First Seacoast Bancorp, Inc. (0001943802) (Issuer)
4 - First Seacoast Bancorp, Inc. (0001943802) (Issuer)
4 - First Seacoast Bancorp, Inc. (0001943802) (Issuer)
SC 13D/A - First Seacoast Bancorp (0001769267) (Subject)
4/A - First Seacoast Bancorp, Inc. (0001943802) (Issuer)
4/A - First Seacoast Bancorp, Inc. (0001943802) (Issuer)
4/A - First Seacoast Bancorp, Inc. (0001943802) (Issuer)
10-Q - First Seacoast Bancorp, Inc. (0001943802) (Filer)
DEF 14A - First Seacoast Bancorp, Inc. (0001943802) (Filer)
10-K - First Seacoast Bancorp, Inc. (0001943802) (Filer)