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Belmont Bancorp. makes announcement.


ST. CLAIRSVILLE St. Clairsville may refer to:
  • St. Clairsville, Ohio
  • St. Clairsville, Pennsylvania
, Ohio--(BUSINESS WIRE)--March 29, 1996-- J. Vincent Ciroli Jr., president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Belmont Bancorp., announced that the board of directors has approved a plan, effective immediately, for the repurchase of up to $1,000,000 of Belmont Bancorp. common stock on the open market or in separately negotiated transactions.

The timing, price, and quantity of purchases will be at the discretion of the corporation. This program may be discontinued dis·con·tin·ue  
v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues

v.tr.
1. To stop doing or providing (something); end or abandon:
 or suspended at any time. The repurchased shares will be available for general corporate purposes and may be used in part for employee benefit programs, including the corporation's 401(k) retirement plan.

Belmont Bancorp. is a one-bank holding company incorporated in Ohio with assets of $320 million. There are 2,114,644 shares of Belmont Bancorp. common stock outstanding with the closing price of $26.75 on March 28, 1996. Belmont Bancorp. stock is traded on the NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 Small-Cap Issues Market under the symbol BLMT. Belmont Bancorp. is the parent corporation of Belmont National Bank, headquartered in Wheeling, W.Va., with eleven offices located in Ohio and West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures


Area, 24,181 sq mi (62,629 sq km). Pop.
.

CONTACT: Belmont Bancorp.

Jane R. Marsh, 614/695-3323
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 29, 1996
Words:190
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