BV Financial, Inc. Announces Open Market Stock Purchases to Fund 2005 Equity Incentive Plan.BALTIMORE -- BV Financial, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BVFL) today announced that to fund the Company's 2005 Equity Incentive Plan, a trust was recently established which has begun to purchase shares of the Company's common stock in the open market with funds contributed by the Company. Purchases will be made from time to time at the discretion of the independent trustee of the trust and will amount up to 51,842 shares, or 1.96% of the Company's issued and outstanding common stock. Stockholders approved the 2005 Equity Incentive Plan at the Company's annual meeting in November. BV Financial, Inc. is the parent company of Bay-Vanguard Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks . Bay-Vanguard Federal Savings Bank is headquartered in Baltimore, Maryland "Baltimore" redirects here. For the surrounding county, see Baltimore County, Maryland. For other uses, see Baltimore (disambiguation). Baltimore is an independent city located in the state of Maryland in the United States. with three other branches in the Baltimore metropolitan area Baltimore-Towson, MD MSA is a U.S. Metropolitan Statistical Area (MSA) as defined by the United States Office of Management and Budget (OMB) as of November 2004. It is located in Maryland and had a population of 2,655,675 as of 2005, making it the 19th most populus MSA in the . The Bank is a full service community-oriented financial institution dedicated to serving the financial service needs of consumers and businesses within its market area. |
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