FARMINGDALE, N.Y. -- Sunrise Bancorp said it plans to buy back up to 5%, or 180,263 shares, of its common stock.

The company, which has 3.6 million shares outstanding, said it expects to complete the buyback within six months. In October, Sunrise repurchased 189,750 shares.

The company said it will purchase the shares from time to time in the open market and said it will not buy back shares from its directors or officers.

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