Central Plains Bancshares, Inc. operates as the bank holding company for Home Federal Savings and Loan Association of Grand Island that operates as a federally chartered stock savings and loan association in Nebraska, the United States. The company provides deposits accounts, including checking and savings accounts and certificates of deposit. It also provides one- to four-family residential mortgage loans secured by properties, commercial non-real estate loans, multi-family residential real estate loans, construction and land development loans, and agricultural real estate and non-real estate loans, as well as consumer loans, such as dental implant loans, automobile loans, energy loans, student loans, recreation vehicle loans, boat loans, and unsecured preferred lines of credit. In addition, the company offers automated teller machines and electronic banking services, including mobile banking, on-line banking and bill pay, and electronic funds transfer. Central Plains Bancshares, Inc. was founded in 1935 and is headquartered in Grand Island, Nebraska.
Central Plains Bancshares, Inc. Adopts New 10% Repurchase Program
Central Plains Bancshares' board approved a new stock repurchase program authorizing the buyback of up to 417,481 common shares, approximately 10% of shares currently outstanding.
The new program replaces the company's existing repurchase program, continuing the holding company's capital-return practice at its Grand Island, Nebraska-based subsidiary, Home Federal Bank.
No dollar value, funding source, or completion timeline was disclosed; for a micro-cap thrift holding company this reads as routine capital management rather than a market-moving event.