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Meridian Bancorp, Inc. Buyback

OLI recorded this information on 10/31/2019

Company: Meridian Bancorp, Inc.
Buyback: EBSB buyback
Share Amount Authorized: 824,544
Buyback Details: Meridian Bancorp, Inc. (the "Company" or "Meridian") (NASDAQ: EBSB), the holding company for East Boston Savings Bank (the "Bank"), announced that it has increased its stock repurchase program by up to 824,544 shares, or approximately 1.5% of its outstanding common stock. This amendment to the Company's current stock repurchase program announced in April 2019 was adopted following receipt of a non-objection letter from the Federal Reserve Bank of Boston. As amended, 1,000,000 shares are currently available for repurchase under the Company's stock repurchase program.

Meridian Bancorp is a bank holding company. Through its subsidiary, East Boston Savings Bank, Co. provides deposit and loan products to individuals and businesses located in its primary market, which consists of Suffolk, Norfolk, Middlesex and Essex Counties, MA. Co. accepts deposits from the general public and uses those funds to originate one- to four-family real estate, multi-family and commercial real estate, construction, commercial and industrial, and consumer loans, which it primarily holds for investment. Co.'s lending business also involves the purchase and sale of loan participation interests. Co.'s deposit instruments include savings accounts and certificates of deposit.
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Company Name:  Meridian Bancorp Inc
Stock buyback:  EBSB buyback
Sector:  Banking & Savings
 

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March 29, 2024    9:22 AM Eastern
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Hold (2.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

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