VINCENNES, Ind. - United Financial Bancorp. plans to buy back up to 5% of its outstanding shares over the next six months on the open market.

The company, the parent of United Federal Savings Bank, said it will use the shares in connection with the exercise of stock options.

On Sept. 30, the company had 460,000 shares outstanding.

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.