November 30, 2007
Ben Franklin To Buy Back Stock
By Matthew L. Brown
Franklin-based Benjamin Franklin Bancorp Inc. said it would repurchase up to 394,200 shares of company common stock.
That accounts for about 5 percent of the company's outstanding common shares. The buy-back is subject to the approval of the Massachusetts Division of Banks. Benjamin Franklin Bancorp., which is the holding company for Benjamin Franklin Bank, completed a previous 5 percent stock buyback in October.
That accounts for about 5 percent of the company's outstanding common shares. The buy-back is subject to the approval of the Massachusetts Division of Banks. Benjamin Franklin Bancorp., which is the holding company for Benjamin Franklin Bank, completed a previous 5 percent stock buyback in October.
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