Capital Crossing Bank Announces Increase to Stock Repurchase Program.BOSTON -- 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 increased the amount of its common stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program by $15.0 million. As of June 24, 2005 the Bank now may repurchase up to approximately $15.2 million of its common stock in the open market or in privately negotiated transactions, subject to regulatory considerations, through June 24, 2006. This increase to the repurchase program has been 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 . The Bank continues to repurchase shares of its common stock under its common stock repurchase program during the second quarter of 2005. As of June 24, 2005, the Bank had repurchased 6,584,918 shares under its current repurchase program and previous repurchase programs. Capital Crossing Bank is a Massachusetts-chartered, FDIC-insured trust company with $1.0 billion in assets as of March 31, 2005. The Bank operates as a commercial bank, providing financial products and services to customers through its executive and main offices in Boston, 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. . The Bank is a value oriented investor in whole loans and loan portfolios generally secured by commercial, multi-family and one-to-four family residential real estate and other business assets. |
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