Harleysville Financial Corporation Announces the Approval of a 5% Stock Repurchase Program
Harleysville Financial Corporation (OTCQX: HARL) announced Board approval of a new stock repurchase program authorizing the buyback of up to 178,000 shares, representing approximately 5% of its outstanding common shares.
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Repurchases are authorized to be made by the company from time to time in open-market transactions as, in the opinion of management, market conditions warrant. The repurchased shares will be held as treasury stock and will be available for general corporate purposes.
Brendan J. McGill, President and Chief Executive Officer, stated, “The Company’s strategy is to maintain a strong balance sheet, practice sound capital management and build long-term value for our shareholders.”
Harleysville Financial Corporation is traded on the OTCQX market under the symbol HARL ( http://www.otcmarkets.com ) and is the holding company for Harleysville Bank. Established in 1915, Harleysville Bank is a
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Brendan J. McGill
President and Chief Executive Officer
(215) 256-8828
Source: Harleysville Financial Corporation