Citizens First Bancorp, Inc. Announces the Completion of Repurchase and Declaration of a Quarterly $0.08 Cash Dividend.Business Editors PORT HURON Port Huron (hy  r`ən), city (1990 pop. 33,694), seat of St. Clair co., S Mich., a natural, deepwater port of entry at the junction of the St. Clair River with Lake Huron; inc. 1857. , Mich.--(BUSINESS WIRE)--July 24, 2002 Citizens First Bancorp
First BanCorp is a financial holding company located in San Juan, Puerto Rico, which offers a full range of financial services in Puerto Rico, US Virgin Islands, the British Virgin Islands, and , Inc. (the "Company")(Nasdaq:CTZN), the holding company for Citizens First Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , Port Huron, Michigan Port Huron is a city in the U.S. state of Michigan. As of the 2000 census, the city population was 32,338. It is the county seat of St. Clair County6. The city is adjacent to Port Huron Township, but is politically independent. , announced that it has completed the repurchase of 476,338 shares, or 5% of its outstanding common stock, at an average price of $20.72 per share. This marks the completion of the second repurchase of shares since the initial public offering of Citizens First Bancorp, Inc. common stock. The Company has repurchased a total of 952,726 shares since March 2001. Upon completion of the second repurchase program, the Company had 8,574,035 shares outstanding. On July 18, 2002 the Company's Board of Directors declared a quarterly cash dividend of $0.08 per share. The cash dividend will be payable on August 13, 2002 to stockholders of record on August 2, 2002. Citizens First Bancorp, Inc. is a diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services company that offers deposits, loans, commercial banking, investments, insurance and trust services through Citizens First Savings Bank, a Michigan-chartered stock savings bank, and its other affiliates. Citizens First Savings offers its services through its fifteen branch offices located throughout Michigan's Thumb Region. |
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