Harleysville Financial Corporation Announces the Approval of a 5% Stock Repurchase Program
- The approval of the new stock repurchase program indicates the company's commitment to maintaining a strong balance sheet and building long-term value for shareholders.
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Repurchases are authorized to be made by the company from time to time in open-market transactions as, in the opinion of management, market conditions warrant. The repurchased shares will be held as treasury stock and will be available for general corporate purposes.
Brendan J. McGill, President and Chief Executive Officer, stated, “The Company’s strategy is to maintain a strong balance sheet, practice sound capital management and build long-term value for our shareholders.”
Harleysville Financial Corporation is traded on the OTCQX market under the symbol HARL ( http://www.otcmarkets.com ) and is the holding company for Harleysville Bank. Established in 1915, Harleysville Bank is a
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Brendan J. McGill
President and Chief Executive Officer
(215) 256-8828
Source: Harleysville Financial Corporation