Loading…
Tuesday, July 29, 2014
Current Weather
Loading Current Weather....
HomeNewsLocal
Published: Thursday, 7/24/2008

Stock repurchase extended by Rurban

DEFIANCE Rurban Financial Corp., which operates State Bank & Trust, has extended its stock repurchase program by a year.

The original program, announced in April, was to last 15 months and to buy up to 250,000 shares, or about 5 percent of the company s overall shares. The firm said it has purchased 113,500 shares. The rest will be purchased when appropriate, but the time frame now extends 12 months beyond the original deadline.

Company executives said the repurchase program should underscore its position that the stock is undervalued. The stock has been trading at about $10 a share on Nasdaq.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.







Poll