Capital Crossing Bank Announces Extension of Its Stock Repurchase Program and Dates for Its Second Quarter Earnings Release and Conference Call.Business Editors BOSTON--(BUSINESS WIRE)--July 13, 2001 Capital Crossing Bank (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 :CAPX CAPX Capital Expenditure(s) cAPX cytosolic ascorbate peroxidase CAPX Capital Expense(s) CAPX Customer Accessible Parts eXpress (Grove Cranes) ) (the "Bank") announced today the extension of its common stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program initiated in August 2000. The extended program, approved by the Bank's Board of Directors and regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities , provides for the purchase of up to an additional $5,000,000 of the Bank's common stock. This authority may be exercised from time to time through July 13, 2002 in such amounts as market conditions warrant, and subject to regulatory consideration. The shares will be purchased on the open market or in privately negotiated transactions. To date, the Bank has repurchased 1,706,500 shares at a weighted average per share price of $9.96. The Bank will release its second quarter earnings after the market closes on Tuesday, July 17, 2001 and will hold a conference call for investors on Wednesday, July 18, 2001 at 10:00 a.m., Eastern time. The conference call will be broadcast over the investor relations Investor relations The process by which the corporation communicates with its investors. page of the Bank's website at www.capitalcrossing.com. For those who cannot listen to the live broadcast, an audio replay of the call will be available for seven days on the website or via telephone at (800) 633-8284 or (858) 812-6440, reservation code #19367824. Capital Crossing Bank is a Massachusetts-chartered, FDIC-insured trust company. Capital Crossing operates as a commercial bank, providing financial products and services to customers through its executive and main offices in Boston, a branch in Chestnut Hill, Massachusetts Located six miles west of downtown Boston, Massachusetts, Chestnut Hill is a wealthy suburban village notable for its stately old houses, scenic landscape, and the historic campus of Boston College. , and its website at www.capitalcrossing.com. Capital Crossing has established a relationship banking division that leverages its strong capital base and credit skills to manage the special needs of business customers. |
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