Dutchfork Bancshares, Inc. Doubles Stock Repurchase Authorization.Business Editors NEWBERRY, S.C.--(BUSINESS WIRE)--Sept. 27, 2001 DutchFork Bancshares, Inc. (Nasdaq SmallCap: DFBS DFBS Defense Finance Battlefield System ) announced today that its Board of Directors has increased the Company's previously announced share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. authorization from 70,000 shares to up to 140,000 shares. 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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