Alliance Bancorp of Pennsylvania Announces Stock Repurchase Program of up to 10% of Outstanding Shares
Alliance Bancorp, Inc. of Pennsylvania (Nasdaq: ALLB), the holding company for Alliance Bank, announced today that its Board of Directors approved a stock repurchase program of up to 10% of its outstanding shares, or 547,433 shares of common stock. The shares may be purchased in the open market or in privately negotiated transactions from time to time depending upon market conditions and other factors over a one-year period.
Repurchases are expected to commence on January 18, 2012, the one-year anniversary of the consummation of the Company's second step conversion.
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