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Article: Community Investors Bancorp, Inc. Announces a Buyback
- Article from:
- PR Newswire
- Article date:
- March 10, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. 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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BUCYRUS, Ohio, March 10 /PRNewswire/ -- Community Investors Bancorp, Inc. (Nasdaq: CIBI) announced today that its board of directors authorized a stock buyback of 1O% of its outstanding stock or 90,237 shares of its total outstanding shares of 902,370. President John Kennedy stated that the board of directors believes that buybacks continue to be the best utilization of the Company's funds at this time. Also the buyback does reduce the equity which in turn improves the return on equity percentages. The current equity is 11.21% of assets. Upon completion of this buyback, the Company will have repurchased a total of 295,037 shares, reflecting a 1997 stock split.
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Article: Community Investors Bancorp, Inc. Announces ...
PR Newswire;
April 21, 1998 ;
586 words
... ... Board of Directors of Community Investors Bancorp, Inc. (Nasdaq: CIBI ... institution. SOURCE Community Investors Bancorp, Inc. -0- 04/21 ... Vice President, of Community Investors Bancorp, 419-562-7055 ...
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