Security Bancorp, Inc. to Repurchase Stock
November 13 2006 - 1:33PM
Business Wire
Security Bancorp, Inc. (�Company�) (OTCBB:SCYT) announced today
that its Board of Directors has authorized the repurchase of up to
$200,000 of its outstanding common stock. The repurchase program
will commence on November 13, 2006, subject to market conditions
and will end in approximately six months. Repurchases generally
will be conducted through open market broker transactions, although
unsolicited negotiated transactions or other types of repurchases
are possible. At September 30, 2006, Security Bancorp, Inc. had
consolidated total assets of $133.9 million and stockholders�
equity of $13.0 million. Safe-Harbor Statement This press release
may contain forward-looking statements as defined by the Private
Securities Litigation Reform Act of 1995. Any such forward-looking
statements are subject to various risks and uncertainties. Security
Bancorp, Inc. ("Company") (OTCBB:SCYT) announced today that its
Board of Directors has authorized the repurchase of up to $200,000
of its outstanding common stock. The repurchase program will
commence on November 13, 2006, subject to market conditions and
will end in approximately six months. Repurchases generally will be
conducted through open market broker transactions, although
unsolicited negotiated transactions or other types of repurchases
are possible. At September 30, 2006, Security Bancorp, Inc. had
consolidated total assets of $133.9 million and stockholders'
equity of $13.0 million. Safe-Harbor Statement This press release
may contain forward-looking statements as defined by the Private
Securities Litigation Reform Act of 1995. Any such forward-looking
statements are subject to various risks and uncertainties.
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