Tc Bancshares, INC

TC Bancshares, Inc. has announced its decision to voluntarily delist from the Nasdaq Stock Market and transition to the OTCQX Best Market, aiming for cost savings and efficiencies.

TC Bancshares has declared a semi-annual cash dividend of $0.05 per share, payable on July 19, 2024, to shareholders of record on July 5, 2024.

TC Bancshares held its 2024 Annual Meeting, electing two Class III directors and ratifying Wipfli LLP as its independent auditor for the year ending December 31, 2024.

TC Bancshares has entered into an employment agreement with Michael Penney, appointing him as Executive Vice President and Chief Credit Officer of TC Federal Bank.

TC Bancshares' Q1 2024 net income declined due to increased interest expenses and decreased non-interest income, despite growth in loans and deposits.

TC Bancshares, Inc. reports a decrease in net income for 2023, primarily due to increased interest expenses and a decline in mortgage-related fee income.

TC Bancshares' EVP and CFO, Scott Charles McLean, recently acquired additional shares of the company's common stock through open market purchases.

Director George Matthew Brown of TC Bancshares, Inc. sold 2,000 shares of common stock at a price of $15.51 on August 22, 2024.

Michael Sherman Penney, EVP-Chief Credit Officer of TC Bancshares, Inc., acquired 10,000 employee stock options on June 20, 2024.

Scott Charles McLean, EVP-Chief Financial Officer of TC Bancshares, acquired 8,000 shares of common stock and options for 15,000 shares on June 20, 2024.

TC Bancshares, Inc. will hold its 2024 Annual Meeting of Shareholders on May 16, 2024, to elect directors and ratify the appointment of its independent auditor.