Capital Crossing Bank (NASDAQ:CAPX) (the "Bank")
announced today that it has increased the amount of its common stock
repurchase program by $5.0 million. As of November 28, 2005 the Bank
now may repurchase up to approximately $7.8 million of its common
stock in the open market or in privately negotiated transactions,
subject to regulatory considerations, through November 25, 2006. This
increase to the repurchase program has been approved by the Bank's
Board of Directors and regulatory authorities.
The Bank continues to repurchase shares of its common stock under its common stock repurchase program during the fourth quarter of 2005. As of November 28, 2005, the Bank had repurchased 6,932,283 shares under its current repurchase program and previous repurchase programs.
Capital Crossing Bank is a Massachusetts-chartered, FDIC-insured trust company with $1.1 billion in assets as of September 30, 2005. The Bank operates as a commercial bank, providing financial products and services to customers through its executive and main offices in Boston, its website at www.capitalcrossing.com, and through its leasing subsidiary Dolphin Capital Corp. located in Moberly, Missouri. The Bank is a value oriented investor in whole loans and loan portfolios generally secured by commercial, multi-family and one-to-four family residential real estate and other business assets.
The Bank continues to repurchase shares of its common stock under its common stock repurchase program during the fourth quarter of 2005. As of November 28, 2005, the Bank had repurchased 6,932,283 shares under its current repurchase program and previous repurchase programs.
Capital Crossing Bank is a Massachusetts-chartered, FDIC-insured trust company with $1.1 billion in assets as of September 30, 2005. The Bank operates as a commercial bank, providing financial products and services to customers through its executive and main offices in Boston, its website at www.capitalcrossing.com, and through its leasing subsidiary Dolphin Capital Corp. located in Moberly, Missouri. The Bank is a value oriented investor in whole loans and loan portfolios generally secured by commercial, multi-family and one-to-four family residential real estate and other business assets.
© 2005 Business Wire
