Business
DELHI BANK CORP. ANNOUNCES STOCK REPURCHASE PROGRAM
DELHI BANK CORP. ANNOUNCES STOCK REPURCHASE PROGRAM.
About this update from Delhi Bank Corp.
[{"type":"text","content":"FOR IMMEDIATE RELEASEDELHI BANK CORP.ANNOUNCES STOCK REPURCHASE PROGRAMDelhi, New York — June 11, 2009. Delhi Bank Corp. (Pink Sheets: DWNX)today announced that on June 11, 2009 the Company’s board of directors has authorizedthe continuation of the Company’s stock repurchase program and has approved therepurchase of up to an additional 5% of the Company’s outstanding common stock, orapproximately 46,690 shares. Repurchases, which will be conducted through openmarket purchases or privately negotiated transactions, will be made from time to timedepending on market conditions and other factors. Repurchased shares will be held intreasury and will be available for the Company’s employee stock ownership plan and itsdividend reinvestment and optional cash purchase plan.The Company previously extended its stock repurchase program in July 2005.Since that time, the Company has repurchased approximately 30,111 shares of itscommon stock, or approximately 5% of the Company’s outstanding common stock.Delhi Bank Corp. is a New York Chartered bank holding company headquarteredin Delhi, New York. As of March 31, 2009, Delhi Bank Corp. had assets of $186.6million and stockholders’ equity of $18.6 million.CONTACT: Delhi Bank Corp.Robert W. Armstrong, President and Chief Executive Officer(607) 746-0740","length":1759,"tagName":"div"}]