Roma Financial Corporation Announces Stock Repurchase Program
December 22 2011 - 3:05PM
Roma Financial Corporation (Nasdaq:ROMA) (the "Company"), the
holding company of Roma Bank, announced today that its Board of
Directors has authorized a stock repurchase program pursuant to
which the Company intends to repurchase up to 5% of its outstanding
shares (excluding shares held by Roma Financial Corp. MHC, the
Company's mutual holding company and in the Roma Bank Employee
Stock ownership Plan), or up to 330,093 shares. The timing of the
repurchases will depend on certain factors, including but not
limited to, market conditions and prices, the Company's liquidity
requirements and alternative uses of capital. Any repurchased
shares will be held as treasury stock and will be available for
general corporate purposes.
Peter A. Inverso, President and Chief Executive Officer of the
Company, stated, "At current market price levels, our Board of
Directors believes additional repurchases of the Company's stock
continues to offer a very attractive and prudent opportunity to
utilize capital and enhance shareholder value."
Roma Financial Corporation is the holding company of Roma Bank,
a community bank headquartered in Robbinsville, New Jersey, and
RomAsia Bank headquartered in South Brunswick, New
Jersey. Roma Bank has been serving families, businesses and
the communities of Central New Jersey for over 90 years with a
complete line of financial products and services. Roma Bank
has branch locations in Mercer, Burlington, Camden and Ocean
counties in New Jersey. Visit Roma online at www.romabank.com,
or RomAsia Bank at www.romasiabank.com. RomAsia Bank has two branch
locations in Middlesex County, New Jersey.
Forward Looking Statements
The foregoing material contains forward-looking statements
concerning the Company. We caution that such statements are
subject to a number of uncertainties and readers should not place
undue reliance on any forward-looking statements. The Company
does not undertake, and specifically disclaims, any obligation to
publicly release the results of any revisions that may be made to
any forward-looking statements to reflect the occurrence of
anticipated or unanticipated events or circumstances after the date
of such statements.
CONTACT: Peter Inverso, President & CEO
609 223 8310
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