West Shore Bank Corporation Announces Stock Repurchase Program
21 Mars 2007 - 3:16PM
PR Newswire (US)
LUDINGTON, Mich., March 21 /PRNewswire-FirstCall/ -- West Shore
Bank Corporation (Pink Sheets: WSSH), parent company of West Shore
Bank, today announced a stock repurchase program under which the
Corporation plans to acquire up to 5% of its outstanding common
stock, or approximately 72,650 shares. West Shore Bank
Corporation's President and CEO Thomas A. Van Buren said that, "The
repurchase program, authorized by the Corporation's Board of
Directors, is part of the Corporation's ongoing efforts to enhance
shareholder value and invest our resources in the most efficient
manner possible." The Board considers the Corporation's common
stock to be an attractive investment, given the price range in
which it has traded recently. According to Van Buren, the stock
repurchase program will be effected through open market purchases
over the next twelve months. The extent of the repurchase program
will depend on market conditions. DATASOURCE: West Shore Bank
Corporation CONTACT: Kevin A. Twardy of West Shore Bank
Corporation, +1-231-845-3500, or Web site:
http://www.westshorebank.com/
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