CHICAGO - Bell Bancorp said it will buy back up to 5%, or 454,000 shares, of its outstanding common stock.

Bell, the holding company for $1.8 billion-asset Bell Federal Savings and Loan Association, completed another 5% repurchase program last month, buying back 477,000 shares at an average price of $24.25.

The company operates 14 locations in the Chicago area, including four in the city.

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