FedFirst Financial Corporation Announces Approval of Extension to Stock Repurchase Program
01 Dezember 2008 - 6:30PM
Business Wire
FedFirst Financial Corporation (NASDAQ Capital: FFCO) (the
�Company�) today announced that the Company�s board of directors
has extended to May 31, 2009, its current program to repurchase
shares of the Company�s outstanding common stock. The program,
which was originally scheduled to expire on November 30, 2008,
provides for the repurchase of up to 140,000 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 May 23, 2008. As of November 30, 2008,
70,250 shares of the Company�s common stock have been repurchased
under the program, and up to 69,750 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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