Mid-Iowa Financial plans a 5% buyback.

NEWTON, Iowa - Md. - First Financial Corp. said it plans to buy back about 5% of its outstanding shares in the open market over the next six months.

The company said its board approved the buyback in part because of the stock's price. The shares will be used for general corporate purposes, including the exercise of stock options, Mid-Iowa said.

A company spokeswoman said Mid-Iowa has about 387,600 shares outstanding.

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