SSB Bancorp, Inc. Authorizes Stock Repurchase Program
PITTSBURGH, Pa., Oct. 14, 2021 /PRNewswire/ -- SSB Bancorp, Inc. (OTCPink: SSBP) (the "Company"), the holding company for SSB Bank, announced today that it has authorized a program to repurchase up to 52,133 shares of its outstanding common stock, which represents approximately 5% of the shares currently outstanding and owned by stockholders other than SSB Bancorp, MHC.
The Company intends to conduct any repurchases through open market purchases, including by means of a trading plan adopted under Securities and Exchange Commission Rule 10b5-1, or in privately negotiated transactions, subject to market conditions and other factors. There is no guarantee as to the number of shares that the Company may repurchase.
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SOURCE SSB Bancorp, LLC
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