Printer Friendly

FIRSTFED BANCSHARES, INC. ANNOUNCES STOCK REPURCHASE PROGRAM

 DES PLAINES, Ill., March 29 /PRNewswire/ -- FirstFed Bancshares, Inc. (NASDAQ: FFDP) announces its intention today to repurchase approximately 5 percent of its outstanding shares in the open market over the next six months. The shares will be purchased at prevailing market prices from time to time over a six month period depending upon market conditions.
 Donald J. Cameron, president and chief executive officer of FirstFed Bancshares, Inc. indicated that the board of directors approved the repurchase program in view of the current price level of the corporation's common stock and the strong capital position of the corporations' subsidiary, First Federal Bank for Savings. Cameron stated that "we believe that the repurchase of our shares represent an attractive investment opportunity which will benefit the corporation and our stockholders."
 The repurchase program will be executed through The Chicago Corporation.
 At Feb. 28, 1993, the corporation had $380 million in assets and stockholders' equity of $64 million. On such date, the corporation had 3,073,116 shares outstanding.
 -0- 3/29/93
 /CONTACT: Larry Gillie, executive VP, 708-824-6500, for FirstFed Bancshares, Inc./
 (FFDP)


CO: FirstFed Bancshares, Inc. ST: Illinois IN: FIN SU:

SH -- NY025 -- 0377 03/29/93 09:29 EST
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:Mar 29, 1993
Words:198
Previous Article:SCOTTISH HERITABLE, INC. ANNOUNCES AN ESOP PROPOSAL
Next Article:COASTAL SUBSIDIARY SIGNS PETROLEUM STORAGE LEASE FOR SUBIC BAY IN THE PHILIPPINES
Topics:


Related Articles
FIRSTFED BANCSHARES, INC. COMPLETES 2ND REPURCHASE PROGRAM
FIRSTFED BANCSHARES, INC. ANNOUNCES STOCK REPURCHASE PROGRAM
FIRSTFED BANCSHARES, INC. COMPLETES FOURTH REPURCHASE PROGRAM
FIRSTFED BANCSHARES, INC. COMPLETES FIFTH REPURCHASE PROGRAM
FIRSTFED BANCSHARES, INC. ANNOUNCES STOCK REPURCHASE PROGRAM
FIRSTFED BANCSHARES, INC. DECLARES SPECIAL CASH DIVIDEND
FIRSTFED BANCSHARES, INC. ANNOUNCES STOCK REPURCHASE PROGRAM
FIRSTFED BANCSHARES, INC. DECLARES REGULAR QUARTERLY DIVIDEND
FirstFed Bancshares, Inc. Completes 8th Stock Repurchase and Announces 9th Stock Repurchase Program
FirstFed Bancshares, Inc. Completes 9th Stock Repurchase and Announces 10th Stock Repurchase Program

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters