Tranche Update on Madison County Financial, Inc.'s Equity Buyback Plan announced on December 15, 2015.
March 02, 2020
Share
From June 1, 2019 to December 31, 2019, the company has repurchased 44,700 shares, representing 1.73% of its issued share capital. With this, the company has completed the repurchase of 388,000 shares, representing 13.92% of its issued share capital under the buyback announced on December 15, 2015.
Madison County Financial, Inc. is the holding company for Madison County Bank (the Bank). The Bank is engaged in providing a range of banking and financial services to individual and corporate customers in the areas surrounding Madison, Nebraska. The Bank offers a range of business and agriculture-specific banking and lending services to help local farmers and business owners manage their finances and grow their operations. Its agriculture and business services include online banking, mobile banking, checking, merchant services, commercial loans, agricultural loans and various other services. The Bank offers various loans, including real estate, agricultural and commercial non-real estate and consumer loans. Its agricultural real estate loans are comprised of loans for the purchase of farmland. Its agricultural non-real estate loans are comprised of seasonal operating lines to cash grain farmers to plant and harvest corn and soybeans, and term loans to fund the purchase of equipment.
MADISON COUNTY FINANCIAL, INC. 
