Roslyn Bancorp said Tuesday that its board has authorized the reinstitution of its stock-repurchase program.

The plan, which was announced in April 1998, was suspended in conjunction with Roslyn's acquisition of T R Financial Corp. The plan allowed for the repurchase of up to 5% of Roslyn Bancorp Inc.'s shares. As of June 30, Roslyn had 76.9 million shares outstanding.

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