United Financial planning a 5% buyback.

VINCENNES, Ind. - United Financial Bancorp. plans to buy back up to 5% of its outstanding shares over the next six months on the open market.

The company, the parent of United Federal Savings Bank, said it will use the shares in connection with the exercise of stock options.

On Sept. 30, the company had 460,000 shares outstanding.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER