Commercial Federal Authorizes Common Stock Repurchase.Business Editors OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb.--(BUSINESS WIRE)--March 1, 2002 Commercial Federal Corporation (NYSE NYSE See: New York Stock Exchange :CFB CFB Canadian Forces Base ) announced today that its board of directors authorized on February 28, 2002, the additional repurchase of up to five hundred thousand shares of the Company's outstanding common stock. The Company anticipates completing this repurchase by the third quarter of 2003. The Company currently has 45,349,766 common shares outstanding. The five million-share buyback program announced in May 2001 was completed in January 2002. Repurchases can be made at any time and in any amount, depending upon market conditions and various other factors. Any repurchase generally will be on the open-market, although privately negotiated transactions are possible. Commercial Federal Corporation is the parent company of Commercial Federal Bank, a $12.9 billion federal savings bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks that currently operates branches located in Iowa, Colorado, Nebraska, Kansas, Oklahoma Kansas is a town in Delaware County, Oklahoma, United States. The population was 685 at the 2000 census. Geography Kansas is located at (36.202423, -94.795122)GR1. , Missouri, and Arizona. Commercial Federal operations include consumer and commercial banking, mortgage banking, agricultural lending, insurance and investment services, and Internet banking. |
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