American Financial Holdings, Inc. To Repurchase Common Stock.

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NEW BRITAIN New Britain, city, United States
New Britain, industrial city (1990 pop. 75,491), Hartford co., central Conn.; settled c.1686, inc. 1871. The tin shops and brassworks in the city were established in the 18th cent. , Conn.--(BUSINESS WIRE)--June 26, 2000

American Financial Holdings, Inc.(Nasdaq: AMFH) has received regulatory clearance to repurchase re·pur·chase
tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es
To buy (something) again.

n.
The act of buying something that one previously sold or owned.

Noun 1. up to 1,443,555 of its common shares, or 5% of its currently outstanding shares, in open market transactions which are expected to be completed within the next six months and intends to implement such repurchase program as soon as practicable.

American Financial Holdings, Inc. is the holding company for American 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. . Established in 1862, American Savings Bank is one of Connecticut's oldest and largest independent banks. It is the third largest publicly held banking institution based in Connecticut. Headquartered in New Britain, American Savings currently has 17 branches in 12 communities throughout central Connecticut. The Bank's mission is to continue to operate as an independent bank, delivering quality customer service and offering a wide spectrum of competitively priced financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page. to customers. As a community-based bank, American Savings is committed to the betterment bet·ter·ment
n.
1. An improvement over what has been the case: financial betterment.

2. Law An improvement beyond normal upkeep and repair that adds to the value of real property. of the communities it serves. For further information about the Company: www.americansavingsbank.com

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Publication:	Business Wire
Date:	Jun 26, 2000
Words:	172
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