Capital Crossing Bank Announces Extension of Stock Repurchase Program.Business Editors BOSTON--(BUSINESS WIRE)--Sept. 4, 2002 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 that it has extended its common stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program. Under the extended stock repurchase program, the Bank may spend an additional $5 million to repurchase shares of its common stock. The extended repurchase program has been approved by the Bank's Board of Directors and regulatory authorities. The extended repurchase program provides that the Bank may repurchase shares from time to time through September 4, 2003 in such amounts as market conditions warrant, subject to regulatory considerations. The shares will be purchased on the open market or in privately negotiated transactions. The Bank originally commenced repurchasing shares in August 2000 and as of September 3, 2002, the Bank had repurchased 2,159,151 shares at a weighted average price of $12.16 per share. Before the extension of the repurchase program, the Bank had $752,000 remaining for repurchases. Under the extended repurchase program, the Bank may spend an additional $5 million to repurchase shares, for a total stock repurchase amount of $5,752,000. Capital Crossing Bank is a Massachusetts-chartered, FDIC-insured trust company that operates as a commercial bank. The Bank conducts business from 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. , its website at www.capitalcrossing.com, and through its leasing subsidiary Dolphin Capital Corp. located in Moberly, Missouri Moberly is a city in Randolph County, Missouri, United States. The population was 11,945 at the 2000 census. The city was incorporated 1868. The Moberly Micropolitan Statistical Area consists of Randolph County. . CONTACT: Capital Crossing Bank; Nicholas W. Lazares, Chairman and Co-Chief Executive Officer at 617-880-1000; or Richard Wayne Dr. Richard Wayne (April 4, 1804 – June 27, 1858) served as mayor of Savannah, Georgia for four terms: 1844 - 1845, 1848 - 1851, 1852 - 1853 and 1857 - 1858. He died while in office.[1] Wayne was the first mayor of Savannah elected by its citizens. , President and Co-Chief Executive Officer, at 617-880-1000. |
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