PITTSBURGH Fidelity Bancorps board of directors has extended the companys stock repurchase program for another 12 months.
The program, originally announced in December 1999, authorized the repurchase of up to 5% of the Pittsburgh banking companys outstanding common stock.
However, as of this month Fidelity had only repurchased 0.6% of its stock.
The repurchase program has been extended until Dec. 16, 2001, the company said Wednesday. The shares will be held as treasury stock and used for general corporate purposes, Fidelity said.