Kentucky First Federal Bancorp Buyback
OLI recorded this information on 2/3/2021
Kentucky First Federal Bancorp
Share Amount Authorized:
Kentucky First Federal Bancorp (Nasdaq: KFFB) the holding company for First Federal Savings and Loan Association of Hazard, Kentucky and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced that the Company has substantially completed the stock repurchase program which was initiated December 19, 2018, and that the Board of Directors has authorized the purchase of up to 150,000 shares in a new stock repurchase program. The shares repurchased through the new program will be held as treasury stock. Repurchases will be effected through open market purchases or unsolicited privately negotiated transactions. The stock repurchase program will be dependent on market conditions and there is no guarantee as to the exact number of shares that the Company will repurchase.
Kentucky First Federal is a savings and loan holding company. Through its subsidiary, First Federal Savings and Loan Association of Hazard, Co. accepts deposits from the general public and uses such funds to originate, when available, loans secured by first mortgages on owner-occupied, residential real estate and occasionally other loans secured by real estate. Through its subsidiary, First Federal Savings Bank of Kentucky, Co. engages in the business of accepting deposits from the general public and originating adjustable-rate loans secured by first mortgages on owner-occupied and nonowner-occupied one- to four-family residences in Franklin, Boyle, Garrard and other counties in Kentucky.
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