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Article: Calumet Bancorp, Inc. to repurchase common stock.
- Article from:
- Business Wire
- Article date:
- February 21, 1995
CopyrightCOPYRIGHT 1995 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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DOLTON, Ill.--(BUSINESS WIRE)--Feb. 21, 1995--Calumet Bancorp, Inc. (NASDAQ/NMS:CBCI), the holding company of Calumet Federal Savings and Loan Association of Chicago, today announced its intention to repurchase 140,000 shares of its common stock.
Thaddeus Walczak, chairman and chief executive officer of Calumet Bancorp, Inc., said that the Company has been authorized by its Board of Directors to repurchase approximately five percent of the Company's 2,791,632 outstanding shares during the next six months.
Mr. Walczak commented, ``We believe that the repurchase will enhance shareholder value by having the effect of increasing the earnings per share and book ...