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Article: Abington Community Bancorp, Inc. Announces Share Repurchase Plan.
- Article from:
- Business Wire
- Article date:
- January 31, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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JENKINTOWN, Pa. -- Abington Community Bancorp, Inc. (the "Company") (Nasdaq:ABBC), the "mid-tier" holding company for Abington Bank (the "Bank"), announced today that the Company will commence its first stock repurchase program of up to 10% of its outstanding shares held by persons other than Abington Mutual Holding Company, or 714,150 shares. The shares may be purchased in the open market or in privately negotiated transactions from time to time depending upon market conditions and other factors over a one-year period. Repurchases are expected to commence promptly.
Robert W. White, Chairman, President and Chief Executive Officer, stated, "We believe that the ...
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