LAWRENCEBURG, Ind.,
May 18, 2015 /PRNewswire/
-- United Community Bancorp (the "Company") (Nasdaq: UCBA)
announced today that it has authorized a stock repurchase program
to acquire up to 231,571 shares, or approximately 5%, of the
Company's outstanding common stock. Repurchases will be
conducted through open market purchases, which will include
purchases under a trading plan entered into with Sandler O'Neill
& Partners, L.P. adopted pursuant to Securities and Exchange
Commission Rule 10b5-1, or through privately negotiated
transactions. The Rule 10b5-1 repurchase plan allows the
Company to repurchase its shares during periods when it would
normally not be active in the market due to its internal trading
blackout period. Repurchases will be made from time to time
depending on market conditions and other factors. There is no
guarantee as to the exact number of shares to be repurchased by the
Company.
United Community Bancorp is the holding company of United
Community Bank, headquartered in Lawrenceburg, Indiana. The Bank
currently operates eight offices in Dearborn County and Ripley County, Indiana.
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SOURCE United Community Bancorp
