CALUMET BANCORP, INC. TO EXTEND STOCK REPURCHASE PLAN.DOLTON, Ill.--(BUSINESS WIRE)--Aug. 24, 1995-- Calumet Calumet, region, United States Calumet (kăl`y  mĕt'), industrialized region of NW Ind. and NE Ill., along the south shore of Lake Michigan. Bancorp, Inc. (NASDAQ/NMS:CBCI), the holding company of Calumet Federal Savings and Loan Association Federal Savings and Loan AssociationAn institution chartered by the federal government whose primary function is to collect savings deposits and to provide mortgage loans. of Chicago, today announced its intention to extend its plan 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. shares of its common stock. The current plan to repurchase 140,000 shares, originally announced on Feb. 21, 1995, was extended by the board of directors at its meeting on Aug. 22, 1995. The company has repurchased 10,000 shares under the plan at $27.00 per share, and 2,784,692 shares remain outstanding. Calumet Federal Savings and Loan Association of Chicago operates five 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. offices in the Chicago area -- in Dolton, Lansing, Sauk Village, and two in southeastern Chicago. The association's deposits are insured by the Federal Deposit Insurance Corp. CONTACT: Calumet Bancorp, Inc. John Garlanger, senior vice president 708/841-9010 |
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