Jacksonville Bancorp Announces 5% Share Repurchase

Jacksonville Bancorp, Inc.'s JXSB Board of Directors authorized a stock repurchase plan for the Company to repurchase up to 5% of its outstanding shares of common stock, or 96,547 shares in the open market, in block trades or in privately negotiated transactions depending on market conditions. The timing of the repurchases will depend on certain factors, including but not limited to stock price, the Company's liquidity requirements, and alternative uses of capital. Any repurchased shares will be treated as authorized but unissued shares.