Stock BuybacksBy The Online Investor Staff, updated Tue., Feb. 18, 1:53 PM
|This Slide: #24 of 25|
Slide #24. Standard AVB Financial Corp.
Standard AVB Financial Corp. (NASDAQ:STND)
Share Amount Authorized:
Standard AVB Financial Corp. (the "Company") - (NASDAQ: STND), the holding company for Standard Bank, PaSB, today announced that its Board of Directors approved a new stock repurchase program. The new stock repurchase program is to be implemented upon the completion of the Company's current stock repurchase program. There are 101,211 shares that remained available for repurchased under the Company's current stock repurchase program. Pursuant to the new stock repurchase program, the Company may repurchase up to an additional 230,000 shares of its common stock, or approximately 5% of its current outstanding shares.
Standard AVB Financial is a bank holding company. Through its subsidiary, Standard Bank, PaSB (the Bank), Co. provides financial services to individuals, families and businesses. The Bank's business consists primarily of accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in commercial real estate loans, commercial business loans, one- to four-family residential mortgage loans, home equity loans and lines of credit and investment securities. The Bank also originates construction loans and consumer loans. The Bank's deposit accounts consist of savings accounts, certificates of deposit and checking accounts.
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