In Brief: PennFed Curtails Plan To Repurchase Stock

PennFed Financial Services Inc. said it is discontinuing its 5% stock repurchase program, approved last Sept. 16.

The company said that under the program it had bought 32,500 shares, or 0.7% of shares outstanding, at an average price of $20.04 per share. It said it plans to use its capital to fund continued growth of retail operations.

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