FedFirst Financial Corporation Announces Approval of Extension to Stock Repurchase Program
31 März 2008 - 10:46PM
Business Wire
FedFirst Financial Corporation (NASDAQ Capital:FFCO) (the
�Company�) today announced that the Company�s board of directors
has extended to September 30, 2008, its current program to
repurchase shares of the Company�s outstanding common stock. The
program, which was originally scheduled to expire on March 31,
2008, provides for the repurchase of up to 147,500 shares of common
stock, which was approximately 5% of the outstanding shares held by
persons other than FedFirst Financial Mutual Holding Company when
the program was announced on September 28, 2007. As of March 31,
2008, 77,400 shares of the Company�s common stock have been
repurchased under the program, and up to 70,100 may still be
repurchased. Purchases under the program will be conducted solely
through a Rule 10b5-1 repurchase plan with Sandler O'Neill &
Partners, L.P. and will be based upon the parameters of the Rule
10b5-1 repurchase plan. The Rule 10b5-1 repurchase plan allows the
Company to repurchase its shares during periods when it would
normally not be active in the market due to its internal trading
blackout period. FedFirst Financial Corporation is the parent
company of First Federal Savings Bank, a community-oriented
financial institution operating nine full-service branch locations
in southwestern Pennsylvania. First Federal offers a broad array of
retail and commercial lending and deposit services and provides
commercial and personal insurance services through Exchange
Underwriters, Inc.
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