Waypoint Financial Corp. Completes Fifth Stock Repurchase Program and Initiates New Repurchase Program
21 November 2003 - 10:28PM
PR Newswire (US)
Waypoint Financial Corp. Completes Fifth Stock Repurchase Program
and Initiates New Repurchase Program HARRISBURG, Pa., Nov. 21
/PRNewswire-FirstCall/ -- Waypoint Financial Corp. today announced
that the company has completed the repurchase of 1,725,150 shares
of Waypoint common stock under a repurchase program approved by the
board of directors in February of 2003. The company's board of
directors today also authorized a new stock repurchase program to
acquire up to five percent of outstanding shares or approximately
1,650,000 shares. Shares will be purchased through open market or
negotiated transactions and will be held by the corporation as
treasury stock. The new five percent stock repurchase program
represents the company's sixth since September of 2001. To date,
Waypoint has reacquired 9,474,066 shares of company common stock.
Waypoint Financial Corp. is a $5.4 billion financial services
organization with 66 branch offices located throughout Pennsylvania
and Maryland. Waypoint provides a full range of financial services,
including banking for retail, commercial, and small business
customers, trust and investment, brokerage and insurance services.
The company's common stock trades on the NASDAQ market under the
symbol WYPT. DATASOURCE: Waypoint Financial Corp. CONTACT: James H.
Moss, Chief Financial Officer of Waypoint Financial Corp.,
+1-717-909-2247 Web site: http://www.waypointbank.com/
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