OBA Financial Services, Inc. Buyback
OLI recorded this information on 4/26/2013
OBA Financial Services, Inc.
Share Amount Authorized:
The Company also announces that it has completed its current stock repurchase program, under which it repurchased 208,294 shares of its common stock, and its Board of Directors has adopted a third stock repurchase program. Under the third repurchase program, the Company may repurchase up to 210,377 shares of its common stock, or approximately 5% of the current outstanding shares.
OBA Financial Services is a savings and loan holding company. Through its subsidiary, OBA Bank (the Bank), Co. provides financial services to individuals, families, and businesses through locations in the Maryland counties of Montgomery, Anne Arundel, and Howard. The Bank accepts deposits from the public and invests those deposits in commercial real estate, commercial business, construction, and residential mortgage loans, home equity loans and lines of credit, and investment securities. To a lesser extent, the Bank also originates other consumer loans. As of June 30 2013, Co. had total assets of $381.6 million and total deposits of $283.3 million.
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