 LUBBOCK, Texas, Nov. 02, 2020 GLOBE NEWSWIRE -- South Plains Financial, Inc. NASDAQ:SPFI South Plains or the Company, the parent company of City Bank, today announced that the board of directors of the Company the Board authorized the resumption of its share repurchase program. The share repurchase program commenced in March of 2020 and allows for the repurchase of up to 10 million of the Companys common stock. Repurchases under the share repurchase program were temporarily suspended by the Board in April of 2020 in light of the uncertainties presented by the COVID-19 pandemic and surrounding events. To date, the Company has repurchased 4,700 shares of common stock totaling approximately 61,000 of the 10.0 million authorized for repurchase under the stock repurchase program. The expiration of the share repurchase program was also extended from April 15, 2021 until November 5, 2021. 