First Financial Holdings (FFCH) Approves Stock Buyback Plan
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First Financial Holdings, Inc. (Nasdaq: FFCH) has authorized the Company to commence a stock repurchase program to acquire up to 350,000 shares of the Company's common stock, which represents approximately 3.0% of the outstanding common stock. The repurchase program is expected to end by September 30, 2009. The repurchases generally would be effected through broker-assisted open market purchases. No shares will be repurchased directly from directors, officers or affiliates of the Company.
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