Beneficial Mutual Bancorp (BNCL) Approves 5% Stock Buyback Plan
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Beneficial Mutual Bancorp, Inc. (Nasdaq: BNCL) has adopted a stock repurchase program that will enable the Company to acquire up to 1,823,584 shares, or 5.0% of the Company's outstanding common stock not held by Beneficial Savings Bank MHC, the Company's mutual holding company. Repurchases may be conducted through open market purchases or privately negotiated transactions from time to time when, at management's discretion, it is determined that market conditions and other factors warrant the repurchase of the Company's stock.
Beneficial Mutual Bancorp, Inc. is a savings and loan holding company. The Company’s business activities include the ownership of Beneficial Bank (the Bank).
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