ASB Bancorp Announces 5% Share Repurchase Program
May 24 2013 - 8:07AM
PR Newswire (US)
ASHEVILLE, N.C., May 24, 2013 /PRNewswire/ -- ASB Bancorp,
Inc. (the "Company") (NASDAQ GM: ASBB) announced today that the
Company's Board of Directors approved a stock repurchase program
whereby the Company may repurchase up to 5%, or 265,266 shares, of
its outstanding common stock as and when deemed appropriate by
management and under any plan that may be deployed in accordance
with Rule 10b5-1 of the Securities Exchange Act of 1934. 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.
(Logo:
http://photos.prnewswire.com/prnh/20111031/CL96775LOGO )
ASB Bancorp is the parent company of Asheville Savings Bank,
S.S.B., a North Carolina chartered
stock savings bank with a community focus offering traditional
financial services through 13 full-service banking centers located
in Buncombe, Madison, McDowell, Henderson, and Transylvania counties in Western North
Carolina.
Contact:
|
Suzanne S.
DeFerie
|
|
President and Chief
Executive Officer
|
|
(828)
254-7411
|
SOURCE ASB Bancorp, Inc.
Copyright 2013 PR Newswire
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