Central Bancorp Announces Completion of Stock Repurchase Program.SOMERVILLE Somerville. 1 City (1990 pop. 76,210), Middlesex co., E Mass., a residential and industrial suburb of Boston, on the Mystic River; settled 1630, set off from Charlestown 1842, inc. as a city 1871. , Mass.--(BUSINESS WIRE)--Nov. 15, 1999-- Central 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 National Market:CEBK) announced today that it has completed its stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program whereby it re-acquired 98,350 shares of the Corporation's common stock, representing approximately 5% of the Corporation's outstanding shares of common stock at the time of the program's adoption in April 1999. The shares were repurchased at an average price of $20.61 per share. The reduction in shares is expected to increase the Corporation's per-share earnings. Central Bancorp, Inc., is the holding company for Central Bank, whose legal name is Central Co-operative Bank The Co-operative Bank is a co-operative bank trading in the United Kingdom with headquarters in Manchester, UK. It is an ethical bank, and refuses to invest in companies involved in the arms trade, genetic engineering, animal testing and use of sweated labour as stated in its , a Massachusetts-chartered co-operative bank operating eight full-service banking offices in suburban Boston. |
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