KENOSHA, Wis. - Advantage Bancorp Inc. said it planned to repurchase about 5% of its outstanding shares in the open market over the next six months.

The shares will be bought at prevailing market prices from time to time over six months, the company said.

The repurchased shares will become treasury stock and will be used for general corporate purposes, including the issuance of shares in connection with the exercise of stock options, the company said.

On March 31, the company had about 3.3 million shares outstanding.

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