M Bank program to buyback stocks
FROM STAFF REPORTS
The board of directors of First M& Corporation recently approved a one-year stock buyback program targeted at repurchasing up to 500,000 shares, approximately 5 percent of its outstanding shares. The program will begin in January 2008 and last through December 2008.
The program opens the option for the company to implement a capital planning strategy.
Shares will be acquired primarily through a third-party broker and at the discretion of management, according to SEC guidelines. They will be sold in the open market at prevailing prices and as market conditions allow
News in 2007: October
FROM STAFF REPORTS October 2007 was a memorable month in Shelby County. A Vincent pastor was charged with killing his... read more