Capital Crossing Bank Announces Increase to Stock Repurchase Program
27 Giugno 2005 - 9:08PM
Business Wire
Capital Crossing Bank (NASDAQ:CAPX) (the "Bank") announced today
that it has increased the amount of its common stock repurchase
program by $15.0 million. As of June 24, 2005 the Bank now may
repurchase up to approximately $15.2 million of its common stock in
the open market or in privately negotiated transactions, subject to
regulatory considerations, through June 24, 2006. This increase to
the repurchase program has been approved by the Bank's Board of
Directors and regulatory authorities. The Bank continues to
repurchase shares of its common stock under its common stock
repurchase program during the second quarter of 2005. As of June
24, 2005, the Bank had repurchased 6,584,918 shares under its
current repurchase program and previous repurchase programs.
Capital Crossing Bank is a Massachusetts-chartered, FDIC-insured
trust company with $1.0 billion in assets as of March 31, 2005. The
Bank operates as a commercial bank, providing financial products
and services to customers through its executive and main offices in
Boston, its website at www.capitalcrossing.com, and through its
leasing subsidiary Dolphin Capital Corp. located in Moberly,
Missouri. The Bank is a value oriented investor in whole loans and
loan portfolios generally secured by commercial, multi-family and
one-to-four family residential real estate and other business
assets.
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