Provident repurchases shares
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- June
- 2
Provident New York Bancorp said that it had repurchased 280,450 shares of its stock in the second quarter through the end of May.
The Montebello-based parent company of Provident Bank said that further share repurchases are possible with 872,150 shares of additional buybacks authorized by the board.
“As economic conditions continue to show promising signs of improvement and the company’s capital and reserve provide a buffer for potential credit losses, we expect to be opportunistic regarding our stock repurchase program,” Chief Executive Officer George Strayton said in a written statement.
This entry was posted
on Tuesday, June 2nd, 2009 at 11:34 am by Jay Loomis.
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Category: Banking
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