CLARENDON HILLS, Ill. - MAF Bancorp announced that its board of directors has authorized a new stock repurchase program authorizing the company to buy back up to 100,000 shares of its common stock over the next year.

The $1.7 billion-asset company, which owns Mid America Federal Savings Bank, said the repurchased stock will be held as treasury stock to be used for general corporate purposes.

Since October 1993, MAF has completed two stock repurchase programs. A total of 366,825 shares have been repurchased at an average price of $21.21 per share.

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