North Fork to Increase Its Common Share Repurchase Program by an Additional 12 Million Shares
25 January 2006 - 4:43AM
Business Wire
North Fork Bancorporation, Inc. (NYSE: NFB) announced that its
Board of Directors approved an increase to its previously announced
share repurchase program by an additional 12 million shares
bringing the total authorized for repurchase to approximately 28
million shares. To date, the Company has repurchased 14.7 million
shares under the program at an average price of $26.19. The common
stock repurchase program will be done from time to time in open
market or through private transactions, subject to market
conditions. The repurchased shares will be used for general
corporate purposes. North Fork is a regional bank holding company
headquartered in New York with approximately $58 billion in assets
conducting commercial and retail banking from 353 branch locations
in the Tri-State area with a complementary national mortgage
banking business.
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