Bank Mutual Corporation Announces New Stock Repurchase Program (Business Wire) and Prudential Bancorp, Inc. and Stilwell Value Partners Agree to Settle Litigation (GlobeNewswire)
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City of Industry, CA --(www.USEquityNews.com)-- 11/10/2008 - Savings and Loans industry alert provided by U.S. Equity News. MILWAUKEE--(BUSINESS WIRE)--Bank Mutual Corporation (NASDAQ: BKMU) announced that its board of directors today approved a seventh stock repurchase program whereby the Company may repurchase up to 1.0 million shares of its common stock, which amount represents 2.1% of its currently outstanding shares.
Repurchases will be made from time to time and will be effectuated through open market purchases, unsolicited negotiated transactions, or in such other manner deemed appropriate by management. The repurchase program does not specify the timing of purchases or the prices to be paid. [Read the full article]
PHILADELPHIA, Nov. 7, 2008 (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. of Pennsylvania (the ``Company'') (Nasdaq: PBIP) and Stilwell Value Partners I, L.P. (``Stilwell''), announced today that they have entered into a Settlement Agreement,
settling all outstanding litigation brought by Stilwell against the Company and the Company's mutual holding company parent, Prudential Mutual Holding Company (the ``MHC'') (the Company, Prudential Savings Bank (the ``Bank'') and the MHC
are referred to collectively as ``Prudential'') and resolving all other disputes between Stilwell and Prudential and its directors. [Read the full article]
MONESSEN, Pa. (AP) -- FedFirst Financial Corp. said Friday that President and Chief Executive John G. Robinson will retire in May and be succeeded by Patrick G. O'Brien, who has served as chief operating officer since 2005.The bank holding company said Robinson's retirement will coincide with the 2009 annual meeting of shareholders.FedFirst shares fell 75 cents, or nearly 14 percent, to close at $4.75. [Read the full article]
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