DutchFork Bancshares, Inc. Completes Repurchase Program and Authorizes Additional Stock Repurchases.Business Editors NEWBERRY, S.C.--(BUSINESS WIRE)--Aug. 24, 2001 DutchFork Bancshares, Inc. (Nasdaq SmallCap: DFBS DFBS Defense Finance Battlefield System ), Newberry, South Carolina Newberry is a town in Newberry County, South Carolina, 43 miles (69 km) west -northwest of Columbia. The charter was adopted in 1894. In 1890, 3,020 people lived in Newberry, South Carolina; in 1900, 4,607; in 1910, 5,028; and in 1940, 7,510. , announced today that, as of August 22, 2001, it has completed its previously announced stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program, having repurchased 157,000 shares of its common stock at an average cost of $21.93 per share. The Company also announced today that its Board of Directors has authorized the repurchase of up to 70,000 common shares of the Company's outstanding common stock. The stock repurchases will be made at the discretion of management and at suitable prices as determined by the Board of Directors and management. Shares will be purchased from time to time, subject to market conditions and other factors, either through open market purchases or privately negotiated transactions. DutchFork Bancshares, Inc. is the holding company for Newberry 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 , which operates three banking locations in Newberry County in South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. . |
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