Calumet Bancorp Inc. completes common stock repurchase and announces intention to repurchase additional common stock.DOLTON, Ill.--(BUSINESS WIRE)--April 26, 1996--Calumet Bancorp Inc. (NASDAQ/NMS:CBCI), the holding company of Calumet Calumet, region, United States Calumet (kăl`y  mĕt'), industrialized region of NW Ind. and NE Ill., along the south shore of Lake Michigan. 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, said Friday that it has completed its plan, originally announced Feb. 21, 1995 to repurchase 140,000 shares of its common stock. Thaddeus Walczak, chairman and chief executive officer of Calumet Bancorp Inc., also announced that the company has been authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: by its board of directors to repurchase another five percent, or approximately 133,000 shares, of the company's 2,662,878 outstanding shares. Calumet Bancorp Inc. is the holding company of Calumet Federal Savings and Loan Association of Chicago, which 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., Dolton John Garlanger, 708/841-9010 |
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