ASB Holding Company Announces Stock Purchases to Fund Stock Benefit Plan.BLOOMFIELD, N.J. -- ASB ASB Asbestos ASB Arbeiter Samariter Bund (German medical help organisation) ASB Anti-Social Behaviour ASB Accounting Standards Board (UK FRC) ASB Aarhus School of Business Holding Company (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Electronic Bulletin Board "ASBH ASBH American Society for Bioethics and Humanities ") (the "Company"), the middle-tier stock holding company of American Bank of New Jersey (the "Bank") and ASB Investment Corp, announced today that the Company approved the purchase of up to 81,651 shares of its Common Stock in open-market transactions Open-Market Transaction An order placed by an insider, after all appropriate documentation has been filed, to buy or sell restricted securities openly on an exchange. Notes: from time to time in order to have shares available to fund stock awards previously made under the Bank's 2005 Restricted Stock Plan ("Stock Plan"). Such Stock Plan was previously approved by a vote of stockholders at the Company's Annual Meeting held on January 20, 2005. Such purchases will be made from time to time in the open market, based on stock availability, price and the Company's financial performance. It is anticipated that purchases will be made during the next twelve months, although no assurance can be given as to when such purchases will be made or to the total number of shares that will be purchased during such period. At March 31, 2005, the Company had total assets and stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. of $441.0 million and $38.8 million, respectively while reporting total deposits of $328.0 million and net loans of $333.3 million. The Bank is a federally chartered stock savings bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. that conducts business from its main office in Bloomfield, New Jersey and a branch office in Cedar Grove Cedar Grove can refer to: Locations
The foregoing information contains forward-looking statements concerning the financial condition, results of operations and business of the Company and its plans, objectives, expectations, estimates and intentions. The Company cautions that such statements are subject to a number of uncertainties and actual results could differ materially, and, therefore, readers should not place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims, any obligation to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company. |
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