BostonFed Bancorp, the bank holding company for Boston Federal Savings Bank and Broadway National Bank, has completed its repurchase of 297,365 shares of its common stock at an average price of $19.50 per share.

David F. Holland, president and chief executive officer of BostonFed Bancorp, said that the company's completion of the 5% repurchase program, previously approved by its board of directors, reduced its outstanding shares to about 5.6 million.

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