Press release from Business Wire
Westfield Financial, Inc. Announces 5% Stock Repurchase Program
Tuesday, September 17, 2013
Westfield Financial, Inc. Announces 5% Stock Repurchase Program17:14 EDT Tuesday, September 17, 2013
WESTFIELD, Mass. (Business Wire) -- Westfield Financial, Inc. (the “Company”) (NasdaqGS:WFD), the holding company for Westfield Bank, announced that its Board of Directors authorized a stock repurchase program under which the Company may repurchase up to 1,037,000 shares, or 5% of its outstanding common stock. The Company completed its previous stock repurchase program of 1,092,000 shares of its common stock on June 11, 2013.
About Westfield Financial, Inc.
Westfield Financial, Inc. is a Massachusetts-chartered stock holding company and the parent company of Westfield Bank, Elm Street Securities Corporation, WFD Securities, Inc. and WB Real Estate Holdings, LLC. Westfield Financial and its subsidiaries are headquartered in Westfield, Massachusetts and operates through 11 banking offices in Agawam, East Longmeadow, Feeding Hills, Holyoke, Southwick, Springfield, West Springfield and Westfield, Massachusetts. Westfield Bank also opened a full service banking center on June 3, 2013, with branch services, a 24 hour deposit imaging ATM and a residential and commercial lender at the Granby Village Shops in Granby, Connecticut. This is Westfield Bank's first location outside of western Massachusetts.
The Company wishes to caution readers not to place undue reliance on any such forward-looking statements contained in this press release, which speak only as of the date made. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2012, and in subsequent filings with the Securities and Exchange Commission. The Company and the Bank do not undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Westfield Financial, Inc.
James C. Hagan, President & CEO
Leo R. Sagan, Jr., CFO