United Community Bancorp Announces Stock Repurchase Program
LAWRENCEBURG, Ind., Feb. 3, 2014
LAWRENCEBURG, Ind., Feb. 3, 2014 /PRNewswire/ -- United Community Bancorp (the
"Company") (Nasdaq: UCBA) announced that the Company's board of directors has
approved the repurchase of up to 514,956 shares of the Company's outstanding
common stock, which is approximately 10% of outstanding shares. Purchases
will be conducted solely through a Rule 10b5-1 repurchase plan with Sandler
O'Neill & Partners, L.P. Purchases will be based upon the parameters of the
Rule 10b5-1 repurchase plan.
The Rule 10b5-1 repurchase plan allows the Company to repurchase its shares
during periods when it would normally not be active in the market due to its
internal trading blackout period.
United Community Bancorp is the holding company of United Community Bank,
headquartered in Lawrenceburg, Indiana. The Bank currently operates eight
offices in Dearborn County and Ripley County, Indiana.
SOURCE United Community Bancorp
Contact: United Community Bancorp, William F. Ritzmann, President and Chief
Executive Officer, (812) 537-4822
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