Rockville Financial, Inc. Buyback
OLI recorded this information on 5/20/2013
Rockville Financial, Inc.
Share Amount Authorized:
Rockville Financial, Inc. ("Rockville Financial" or the "Company") (Nasdaq:RCKB), the holding company for Rockville Bank (the "Bank"), today announced that its Board of Directors approved a new stock repurchase program for up to 2,730,026 shares, or 10% of the current outstanding shares. Rockville also announced that the Company's regulator, the Federal Reserve Bank of Boston, has completed its review of its stock repurchase proposal and has considered all the facts of record. Acting pursuant to authority delegated by the Board of Governors of the Federal Reserve System, the Reserve Bank does not object to the proposal, and the Company may proceed with the stock repurchase program.
United Financial Bancorp is a bank holding company. Through its subsidiary, Rockville Bank, Co. provides commercial loans, commercial real estate loans, residential and commercial construction loans, residential real estate loans collateralized by one-to-four family residences, home equity lines of credit and fixed rate loans and other consumer loans. Co. also provides deposit products, including checking, savings, money market savings accounts, negotiable order of withdrawal accounts and time deposits. The Bank also provides a variety of retirement deposit accounts to personal and business customers. At Dec 31 2012, Co. had total assets of $2.00 billion and total deposits of $1.50 billion.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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