Burdened with excess capital and frustrated in efforts to make acquisitions, three California thrifts are once again buying back their stock.

PFF Bancorp in Pomona, and SGV Bancorp, West Covina, announced last month they intend to buy back 5% of their outstanding shares. And Monterey Bay Bancorp, Watsonsville, said it would repurchase up to 10%.

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.