Item 7.01 Regulation FD Disclosure. OnJanuary 26, 2021 ,Reliant Bancorp, Inc. ("Reliant") issued a press release announcing that its board of directors has authorized a stock repurchase plan pursuant to which Reliant may repurchase up to$10.0 million of shares of Reliant's outstanding common stock, par value$1.00 per share (the "Repurchase Plan"), a copy of which is furnished as Exhibit 99.1 hereto and incorporated herein by reference. All information included in the press release is of the date thereof, and Reliant does not assume any obligation to update such information in the future. The information set forth in this Item 7.01 (including the information in Exhibit 99.1 hereto) is being furnished to theSecurities and Exchange Commission (the "SEC") and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to liability under the Exchange Act. Such information shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. Item 8.01 Other Events.
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(d) Exhibits. Exhibit Number Description 99.1 Press Release issued byReliant Bancorp, Inc. , datedJanuary 26, 2021 .
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
Forward-Looking Statements
All statements, other than statements of historical fact, included in this document that address activities, events or developments that Reliant expects, believes or anticipates will or may occur in the future are "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to the terms, timing, logistics, and conditions of the Repurchase Plan, Reliant's compliance with applicable law in connection with the administration of the Repurchase Plan, and Reliant's utilization of the Repurchase Plan. The words "believe," "anticipate," "expect," "may," "will," "assume," "should," "predict," "could," "would," "intend," "targets," "estimates," "projects," "plans," and "potential," and other similar words and expressions of the future, are intended to identify such forward-looking statements, but other statements not based on historical information may also be considered forward-looking, including statements about Reliant's future financial and operating results and Reliant's plans, objectives, and intentions.
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All forward-looking statements are subject to risks, uncertainties, and other
factors that may cause the actual results, performance, or achievements of
Reliant to differ materially from any results, performance, or achievements
expressed or implied by such forward-looking statements. Such risks,
uncertainties, and other factors include, among others: (1) the global health
and economic crisis precipitated by the coronavirus (COVID-19) pandemic, (2)
actions taken by governments, businesses and individuals in response to the
coronavirus (COVID-19) pandemic, (3) the pace of recovery when the coronavirus
(COVID-19) pandemic subsides, (4) the possible recurrence of the coronavirus
(COVID-19), (5) changes in political conditions or the legislative or regulatory
environment, including governmental initiatives affecting the financial services
industry such as, but not limited to, the Coronavirus Aid, Relief, and Economic
Security Act (or CARES Act), (6) the possibility that our asset quality could
decline or that we experience greater loan losses than anticipated, (7)
increased levels of other real estate, primarily as a result of foreclosures,
(8) the impact of liquidity needs on our results of operations and financial
condition, (9) competition from financial institutions and other financial
service providers, (10) the effect of interest rate increases on the cost of
deposits, (11) unanticipated weakness in loan demand or loan pricing, (12)
greater than anticipated adverse conditions in the national economy or local
economies in which we operate, including in Middle Tennessee, (13) lack of
strategic growth opportunities or our failure to execute on available
opportunities, (14) deterioration in the financial condition of borrowers
resulting in significant increases in loan losses and provisions for those
losses, (15) economic crises and associated credit issues in industries most
impacted by the coronavirus (COVID-19) pandemic, including the restaurant,
hospitality and retail sectors, (16) the ability to grow and retain low-cost
core deposits and retain large, uninsured deposits, (17) our ability to
effectively manage problem credits, (18) our ability to successfully implement
efficiency initiatives on time and with the results projected, (19) our ability
to successfully develop and market new products and technology, (20) the impact
of negative developments in the financial industry and
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