Printer Friendly

FF BANCORP, INC. ANNOUNCES PROPOSED STOCK REPURCHASE PROGRAM

 NEW SMYRNA BEACH, Fla., June 30 /PRNewswire/ -- Frances R. Ford, chairman and president of FF Bancorp, Inc. (NASDAQ: FFSB) ("company") the parent holding company of First Federal Savings Bank of New Smyrna and First Federal Savings Bank of Citrus County, Inverness, Fla., announced that the company's board of directors has authorized management to develop a "Stock Repurchase Program" which would allow the company to acquire its outstanding common stock in the open market through one or more pre-approved broker-dealers. Under the Stock Repurchase Program, the company will be limited to repurchasing no more than 5 percent of the company's publicly held shares during any six- month period. Because the company's thrift subsidiaries were converted to stock institutions within the past three years, the Stock Repurchase Program is required to be submitted to the Office of Thrift Supervision no later than 10 days prior to the commencement of the repurchase program.
 The company, headquartered in New Smyrna Beach, Fla., provides personalized banking services through its independent thrift subsidiaries in Volusia County and Citrus County, Fla. At March 31, 1993, FF Bancorp had total assets of $547 million and stockholders' equity of $36,968,000. The common stock of FF Bancorp is traded in the over-the-counter market and is quoted on the NASDAQ system under the symbol "FFSB".
 -0- 6/30/93
 /CONTACT: Tildon W. Smith, executive vice president of FF Bancorp, Inc., 904-726-1237/
 (FFSB)


CO: FF Bancorp, Inc. ST: Florida IN: FIN SU:

RC-AW -- FL004 -- 7109 06/30/93 11:15 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 30, 1993
Words:251
Previous Article:NEWMONT MINING FILES REGISTRATION FOR SALE OF 9.65 MILLION SHARES IN SECONDARY
Next Article:BLOCKBUSTER GOLF AND GAMES IS SITE OF PEPSI $1 MILLION HOLE-IN-ONE CONTEST
Topics:


Related Articles
FF BANCORP, INC. ANNOUNCES SECOND QUARTER DIVIDEND AND 3-FOR-1 STOCK SPLIT
FF BANCORP, INC. ANNOUNCES SECOND QUARTER DIVIDEND AND 3-FOR-1 STOCK SPLIT
FF BANCORP, INC. ANNOUNCES THIRD QUARTER DIVIDEND
FF BANCORP, INC. ANNOUNCES FOURTH QUARTER DIVIDEND
FIRST SOUTHERN BANCORP, INC., INCREASES QUARTERLY DIVIDENDS & ANNOUNCES STOCK REPURCHASE PROGRAM
FF BANCORP, INC. ANNOUNCES SECOND QUARTER DIVIDEND
FF BANCORP, INC. ANNOUNCES FOURTH QUARTER CASH DIVIDEND
LONG ISLAND BANCORP, INC. DECLARES ITS FIRST QUARTERLY DIVIDEND AND SUBMITS APPLICATION TO REPURCHASE STOCK
FF BANCORP, INC. ANNOUNCES FIRST QUARTER CASH DIVIDEND
FF BANCORP, INC. ANNOUNCES SECOND QUARTER CASH DIVIDEND

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters