Hampden Bancorp (HBNK) Approves New 5% Buyback Program

Hampden Bancorp (Nasdaq: HBNK) announced the completion of the Company's Seventh Stock Repurchase Program (the "Seventh Program") on September 10, 2014. The Seventh Program was approved by the Company's Board of Directors on August 7, 2012 and commenced on December 13, 2012. Under the Seventh Program, a total of 289,106 shares, or approximately 5% of the Company's then outstanding common shares, were purchased at a total cost to the Company of approximately $4.6 million, or an average of $15.74 per share.

With the completion of the Seventh Program, the Company's previously announced Eighth Stock Repurchase Program (the "Eighth Program") commenced. The Eighth Program was approved by the Company's Board of Directors on June 7, 2013 for the repurchase of up to 275,525 shares, or approximately 5% of the Company's then outstanding common stock. Any repurchases under the Eighth Stock Program will be made through open market purchase transactions from time to time. The amount and exact timing of any repurchases will depend on market conditions and other factors, at the discretion of management of the Company, and it is intended that all purchases under the Eighth Program will be completed within twelve months after its commencement. There is no assurance that the Company will repurchase shares during any period.

You May Also Be Interested In

• Ball Corporation (BALL) Raises Dividend, Enters 40M Share Buyback, Announces Management Changes
• Amphenol (APH) Reports Q1, Announces $2B Share Buyback
• Nanometrics (NANO) Issues Business Update, Reports FY23 Results