GARDEN CITY, N.Y. -- T R Financial Corp., the holding company for Roosevelt Saving Bank, has completed the repurchase of 5%, or 568, 100 shares, of its outstanding common stock.
After the purchases, there were 10,794,700 shares outstanding.
T R Financial Corp. shares closed yesterday unchanged at 13 on volume of 144,900 shares.
John M. Tsimbinos, chairman and chief executive, said the shares came at a significant discount to book value, consistent with the company's objective of enhancing long-term shareholder value.