Chicopee Bancorp, Inc. (CBNK), the holding company for Chicopee Savings Bank, said Friday that its Board of Directors has approved its seventh stock repurchase program.
Under the repurchase program, the company plan to repurchase up to 272,000 shares, or about 5%, of its outstanding common stock.
The company will commence its seventh stock repurchase program immediately upon the completion of its sixth repurchase program, announced on September 30, 2011, which has 31,321 shares remaining.
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