YOUNGSTOWN, Ohio - FFY Financial Corp., the holding company for First Federal Savings Bank of Youngstown, announced that it would repurchase up to 5% of its outstanding shares, or 299.411 shares, in the open market over the six months starting on or after Sept. 14. The $584 million-asset company converted to a stock institution in June 1993.
The repurchased shares will become treasury shares available for general corporate purposes, including the issuance of shares in connection with the exercise of stock options.
