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AMFH Repurchases Stock
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Business New Haven
7/9/2001
By: BNH
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NEW BRITAIN - American Financial Holdings (NASDAQ: AMFH), holding company for American Savings Bank, has completed its fifth share repurchase program of 1,178,485 shares, or five percent of its common stock previously outstanding, at an average price of $21.01. Upon completion of the repurchase program, the company has 22,365,771 shares outstanding. AMFH directors also approved an additional repurchase of ten percent, or 2,236,577 shares, of its outstanding common stock, which will take place in open-market transactions as management deems practicable.
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