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Article: Mark Twain announces increase in stock repurchase plan. (Mark Twain Bancshares Inc.)
- Article from:
- PR Newswire
- Article date:
- August 3, 1990
CopyrightCOPYRIGHT 1990 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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MARK TWAIN ANNOUNCES INCREASE IN STOCK REPURCHASE PLAN
ST. LOUIS, Aug. 3 /PRNewswire/ -- The board of directors of Mark Twain Bancshares Inc. (NASDAQ: MTWN) today announced an increase in the company's stock repurchase program, which now authorizes a total of 150,000 shares of its common stock for repurchase in private or open markets. In March, 1990 the company initiated the repurchase program, which, at that time, authorized the repurchase of up to 70,000 shares.
Keith Miller, chief financial officer of Mark Twain, said the bank holding company will use the additional shares as regular treasury stock to pre-fund future employee stock-related benefit ...