Kentucky First Federal Bancorp Buyback
OLI recorded this information on 2/3/2021
Company:
Kentucky First Federal Bancorp
Buyback:
KFFB buyback
Share Amount Authorized:
150,000
Buyback Details:
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 holding company. Through its subsidiaries, Co. accepts deposits from the public and applies those funds to the origination of loans for residential and consumer purposes. Co.'s subsidiary, First Federal Savings and Loan Association of Hazard, a community-oriented savings and loan association, provides financial services to consumers in Perry and surrounding counties in eastern Kentucky. It engages primarily in the business of accepting deposits from the general public and using 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.
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