UPDATE: Westfield Financial Announces 5% Stock Repurchase Program
Westfield Financial, Inc. (the “Company”) (Nasdaq: WFD), the holding company for Westfield Bank, announced that its Board of Directors authorized a stock repurchase program under which the Company may repurchase up to 1,037,000 shares, or 5% of its outstanding common stock. The Company completed its previous stock repurchase program of 1,092,000 shares of its common stock on June 11, 2013.
About Westfield Financial, Inc.
Westfield Financial, Inc. is a Massachusetts-chartered stock holding company and the parent company of Westfield Bank, Elm Street Securities Corporation, WFD Securities, Inc. and WB Real Estate Holdings, LLC. Westfield Financial and its subsidiaries are headquartered in Westfield, Massachusetts and operates through 11 banking offices in Agawam, East Longmeadow, Feeding Hills, Holyoke, Southwick, Springfield, West Springfield and Westfield, Massachusetts. Westfield Bank also opened a full service banking center on June 3, 2013, with branch services, a 24 hour deposit imaging ATM and a residential and commercial lender at the Granby Village Shops in Granby, Connecticut. This is Westfield Bank's first location outside of western Massachusetts.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.