Security Bancorp, Inc. to Repurchase Stock
November 03 2008 - 11:36AM
Business Wire
Security Bancorp, Inc. (�Company�) (OTCBB:SCYT) announced today
that its Board of Directors has authorized the repurchase of up to
$1.0 million of its outstanding common stock. The repurchase
program will commence on November 3, 2008, subject to market
conditions and will end in approximately six months. Repurchases
generally will be conducted through open market broker
transactions, although unsolicited negotiated transactions or other
types of repurchases are possible. At September 30, 2008, Security
Bancorp, Inc. had consolidated total assets of $134.7 million and
stockholders� equity of $14.5 million. Safe-Harbor Statement This
press release may contain forward-looking statements as defined by
the Private Securities Litigation Reform Act of 1995. Any such
forward-looking statements are subject to various risks and
uncertainties.
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