Epic Bancorp (EPIK) Approves 5% Stock Buyback Plan
Epic Bancorp (NASDAQ: EPIK) announced that its Board of Directors approved a plan to repurchase, as conditions warrant, up to 5% of the shares of the Company's common stock, to be made from time to time in the open market over the next twelve months.
The repurchase of any or all such shares authorized for repurchase will be dependent on management's assessment of market conditions. The repurchase plan represents approximately 200,649 shares of the Company's common stock outstanding as of July 28, 2007, as reported on the Company's most recent Form 10-Q filed with the Securities and Exchange Commission (SEC) on August 10, 2007.
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