Enterprise Federal Bancorp Inc. makes announcement.Bancorp Inc., parent of Enterprise 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 received permission from the Office of Thrift Supervision The Office of Thrift Supervision (OTS) was established as a bureau of the Treasury Department in August 1989 as part of a major Reorganization Plan of the thrift regulatory structure mandated by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) (12 U.S.C.A. to repurchase five percent of its outstanding shares of common stock for the period ending Sept. 30, 1996. Repurchases are authorized to be made by the company from time to time in open market transactions as, in the opinion of management, market conditions warrant. Enterprise Federal Bancorp Inc., whose common stock is traded on the 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 System under the symbol "EFBI," had $208 million in assets at Dec. 31, 1995. Its subsidiary, Enterprise Federal Savings Bank, is a Federally Chartered 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. operating five offices located in three counties of southwestern Ohio. CONTACT: Enterprise Federal Bancorp Inc., Cincinnati Thomas J. Noe, 513/821-1297 |
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