This January, Capital City Bank ( CCBG - Free Report ) announced a new repurchase program. The program equips the bank to buy back up to 750,000 shares of common stock over the next five years. This represents 4.4% of the bank's issued and outstanding shares of common stock. CCBG terminated an existing repurchase program in order to pursue the new one, indicating certain capital distribution tweaks. The current plan does not obligate the bank to buy back any specified number of shares. In December 2023, Cadence Bank ( CADE - Free Report ) announced a new share buyback plan, effective Jan 2, 2024, through Dec 31, 2024. Under the plan, which is subject to regulatory approval, the board authorized the bank to buy back up to an aggregate of 10 million shares. The buyback will be carried out periodically either through open market transactions, private placements, or any other means permissible within Federal securities laws. CADE did not execute the previous repurchase plan, which expired on Dec 29, 2023.