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Chicopee Bancorp Completes Fourth Stock Repurchase Plan

Nov 24, 2010 | Reprints | Unlock Link | Print

Chicopee Bancorp, Inc., the holding company for Chicopee Savings Bank, has completed its fourth stock repurchase program, which was announced Feb. 26.

Chicopee Bancorp acquired 318,952 shares, or 5 percent of the company’s outstanding common stock at an average purchase price of approximately $11.75 per share, according to a statement.

"The board of director’s and management continue to believe that the repurchase of the company’s shares at a reasonable price is an attractive use of the company’s capital to maximize shareholder value," said William J. Wagner, president and CEO.

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