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Roeblings Board Approves Buybacks
The open-market purchases will be made periodically starting in 2006.Roebling Financial (Nasdaq OTC: RBLG) says its board of directors has approved the purchase of up to 5% of its outstanding common stock, or about 85,500 shares, in open-market transactions. The purchases will be made periodically based upon stock availability, price and the company”s financial performance.
Roebling believes that the buybacks will start in 2006. Roebling Financial is the holding company for Roebling-based Roebling Bank. Its stock gained a penny, rising to $9.77 in morning trading.
