CCBT Financial Companies, Inc. Announces Stock Buyback.Business Editors SOUTH YARMOUTH, Mass.--(BUSINESS WIRE)--Feb. 11, 2002 CCBT CCBT Comprehensive Cognitive Behavioral Therapy Financial Companies, Inc. (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 : CCBT) announced today that its board of directors has authorized the repurchase of up to 220,000 shares of common or approximately 2.3% of the stock currently outstanding. "This action is a result of our growth in services that are less capital intensive, and our strong capital position." said Stephen Lawson, 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. . "Our capital position has enabled CCBT to expand its specialized services in investing, tax planning Tax planning Devising strategies throughout the year in order to minimize tax liability, for example, by choosing a tax filing status that is most beneficial to the taxpayer. , and insurance," Lawson explained, "by adding experienced professionals and opening new financial centers." Lawson also noted that the current strength of CCBT has allowed them to make several major community gifts, the largest being its donation of $150,000 to Cape Cod Cape Cod, narrow peninsula of glacial origin, 399 sq mi (1,033 sq km), SE Mass., extending 65 mi (105 km) E and N into the Atlantic Ocean. It is generally flat, with sand dunes, low hills, and numerous lakes. Health Care. "We are always proud when we can translate our financial success to direct benefits for our stockholders, associates, customers, and our community." |
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