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UNITED FEDERAL BANCORP ANNOUNCES COMMON STOCK REPURCHASE PLAN

 UNITED FEDERAL BANCORP ANNOUNCES COMMON STOCK REPURCHASE PLAN
 STATE COLLEGE, Pa., Aug. 27 /PRNewswire/ -- The board of directors of United Federal Bancorp, Inc. (NASDAQ-NMS: UFBK), recently approved a plan to consider the repurchase of up to 5 percent of the company's outstanding common stock.
 The repurchased shares would be used for general corporate purposes. The company may initiate the repurchase program as soon as regulatory approval is obtained.
 United Federal Bancorp, Inc., is the holding company for United Federal Bank and UFB Financial, Inc. United Federal Bank conducts business from its headquarters in State College, Pa., and 18 full-service branches in central and southern Pennsylvania.
 /delval/
 -0- 8/27/92
 /CONTACT: Charles C. Pearson Jr., CEO, or Donald L. Gross, COO, of United Federal, 814-231-1668/
 (UFBK) CO: United Federal Bancorp, Inc. ST: Pennsylvania IN: FIN SU:


DM-JS -- PG003 -- 3943 08/27/92 12:21 EDT
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Publication:PR Newswire
Date:Aug 27, 1992
Words:145
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