|
|
|
American Financial Completes Stock Repurchase; CEO To Present at Conference
|
Business New Haven
3/4/2002
By: BNH
|
NEW BRITAIN - American Financial Holdings (NASDAQ: AMFH), holding company for American Savings Bank, has completed its sixth share repurchase program of 2,236,577 shares, or ten percent of its outstanding common stock, at an average price of $25.35. Upon completion of the repurchase program, AMFH has 23,564,199 shares outstanding.
Company directors approved an additional repurchase of the 3,208,715 common shares issued in AMFH's acquisition of American Bank of Connecticut. Shares will be repurchased subject to market conditions, through open market transactions or privately negotiated transactions.
Robert T. Kenney, AMFH's chairman, president and CEO, said completion of this stock repurchase and the adoption of another repurchase program is consistent with the company's capital-management strategies which are focused on enhancing shareholder value. Kenney is also scheduled to be a presenter at the Keefe, Bruyette & Woods Eastern Regional Bank Symposium, where he is slated to speak at 2:45 p.m. on March 7. The presentation will be simultaneously webcast on the KBW Web site at www.kbw.com. The webcast will be available for replay for one week following the presentation.
|
Go FirstGo PreviousGo
NextGo LastGo
to Index
|
|
