Peoples Bancorp Declares Cash Dividend and Approves Stock Repurchase Plan
24 Febrero 2006 - 1:43PM
Business Wire
The Board of Directors of Peoples Bancorp, the Holding Company for
Peoples Federal Savings Bank and First Savings Bank, declared a
Fiscal 2006 second quarter dividend of $0.19 per share, according
to Roger J. Wertenberger, Chairman. The dividend will be paid on
April 13, 2006, to stockholders of record as of April 3, 2006. Thus
far during Fiscal 2006, Peoples has repurchased 42,242 shares of
stock. As of February 23, 2006, Peoples had 3,333,243 shares
outstanding. The closing price of Peoples Bancorp, as of February
23, 2006, was $20.506 per share as listed on the NASDAQ National
Marketing System under the symbol PFDC. The Board of Directors has
approved the repurchase of up to 300,000 shares of the Company's
common stock over the next three years. The shares will be
purchased at prevailing market prices from time to time depending
upon market conditions and regulatory requirements. The Company
reserves the right to discontinue this program at any time due to
changes in market conditions or otherwise. The Plan shall expire in
February 2009. Peoples Bancorp, through its Indiana subsidiary,
Peoples Federal Savings Bank, operates nine full-service offices
located in Auburn, Avilla, Garrett, LaGrange, Kendallville, Topeka,
Waterloo and two in Columbia City, Indiana. Peoples Bancorp's
Michigan subsidiary, First Savings Bank, operates six full-service
offices located in Three Rivers (two offices), Schoolcraft and
Union in Michigan and Howe and Middlebury in Indiana.
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