Calumet Bancorp Inc. to repurchase additional common stock.DOLTON, Ill.,--(BUSINESS WIRE)-- April 4, 1997--Calumet Bancorp, 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 : 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, today announced its intention to increase the number of shares of its common stock to be repurchased pursuant to the repurchase program originally announced on Feb. 3, 1997. At that time the company announced its intention to repurchase 118,850 shares of its common stock. To date, 101,000 shares have been repurchased under that program. In addition to completing the original program, the board of directors has authorized the company to repurchase an additional 111,000 shares of its common stock over the next six months in open market transactions subject to the availability of the stock. As of March 31, 1997, the company had 2,238,147 shares of common stock outstanding. 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 Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. . CONTACT: John Garlanger, senior vice president of Calumet Bancorp 708/841-9010 |
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