Harleysville Savings (HARL) Announces 205K Share Buyback
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Harleysville Savings Financial Corporation (NASDAQ: HARL) has repurchased 205,358 shares of common stock in an unsolicited private transaction. The Company repurchased the shares at the price of $12.45 per share or $2,556,707.10 in the aggregate.
Ronald B. Geib, President and Chief Executive Officer of the Company, stated, “A long-term shareholder offered the Company the opportunity to repurchase the shares at a price which we believe is financially very attractive. Given the Company’s historical performance and its long-term business and earnings prospects, the repurchase was a very good use of our capital. The repurchase will be accretive to earnings in the near term.”[SM]
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