First Bancorp of Indiana, Inc. Announces Stock Repurchase Program
September 09 2005 - 4:52PM
PR Newswire (US)
EVANSVILLE, Ind., Sept. 9 /PRNewswire-FirstCall/ -- First Bancorp
of Indiana, Inc. (NASDAQ:FBEI), today announced that the
Corporation will commence a stock repurchase program to acquire up
to 80,000 shares or 5% of the Corporation's outstanding common
stock. The program will commence on or about October 17, 2005, with
repurchases generally conducted through open market transactions
although unsolicited negotiated transactions or other types of
repurchases may be considered. The program is expected to be
completed within twelve months, at which time the Corporation will
reassess the program and determine whether it should be continued
or terminated. The stock repurchase program announced today is the
Corporation's third such program since becoming a publicly traded
stock institution in 1999. The most recent program was announced in
February 2003 and recently concluded. First Bancorp of Indiana,
Inc. is the holding company for First Federal Savings Bank, a
federally chartered savings bank. DATASOURCE: First Bancorp of
Indiana, Inc. CONTACT: Michael H. Head, President and CEO of First
Bancorp of Indiana, Inc., +1-812-492-8242
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