LAWRENCEVILLE, N.J. -- First FideLity Bancorp. expanded its previously announced stock repurchase plan to 3% of oustanding common stock in 1993, up from 2%. The company said the previous authorization of repurchases of up to 2% remains in effect for 1994 and subsequent years.
First Fidelity said the program is in addition to existing stock repurchase programs for its dividend reinvestment and stock option plans. The company said it will repurchase stock from time to time when "market conditions make such purchases attractive for shareholders."