Franklin Financial Corp. (FRNK), the parent company of Franklin Federal Savings Bank, said Wednesday that its Board of Directors has approved a second share repurchase program.
The new repurchase program provides for the repurchase of up to 679,385 shares, or about 5%, of the company's common stock that will be outstanding upon completion of the first share repurchase program, announced on May 3, which had 95,741 shares remaining to be purchased as of the close of trading on September 11.
The new repurchases will commence upon completion of the first share repurchase program.
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