OAK FOREST, Ill.,- Hemlock Federal Financial Corp. said Wednesday its board approved a plan for the company to repurchase up to 10% of its total shares outstanding in open market transactions over the next 12 months.

"We believe the repurchase of our shares represents an attractive investment opportunity which will benefit the company and our stockholders," said Maureen Partynski, chairman and chief executive officer.

Hemlock Federal Financial was organized in 1997 to act as the holding company of Hemlock Federal Bank, which has offices in Oak Forest, Oak Lawn, Lemont, Bolingbrook and Chicago.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.