BROOKLYN, N.Y.,
President and Chief Operating Officer Richard A. Kielty, said, "We believe that by implementing this third stock repurchase program we are continuing to make an investment in Brooklyn Federal at what the board of directors and management believes is an attractive price. The repurchase program is also a means of showing our continued commitment to enhancing shareholder value."
The Company completed its first stock repurchase program on
Brooklyn Federal Savings Bank operates four banking offices, two located
in Brooklyn, one each in
This press release may contain certain "forward-looking statements" which may be identified by the use of such words as "believe," "expect," "intend," "anticipate," "should," "planned," "estimated," and "potential". Examples of forward-looking statements include, but are not limited to, estimates with respect to our financial condition, results of operations and business that are subject to various factors which could cause actual results to differ materially from these estimates and most other statements that are not historical in nature. These factors include, but are not limited to, general and local economic conditions, changes in interest rates, deposit flows, demand for mortgage and other loans, real estate values, and competition; changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory, and technological factors affecting our operations, pricing, products and services.
SOURCE Brooklyn Federal Bancorp, Inc.