Synergy Financial Group, Inc. Announces Stock Purchases
August 24 2005 - 5:19PM
PR Newswire (US)
CRANFORD, N.J., Aug. 24 /PRNewswire-FirstCall/ -- John S. Fiore,
President and Chief Executive Officer of Synergy Financial Group,
Inc. (the "Company") (NASDAQ:SYNF), announced today that the
Company has completed its purchase of five percent of the
outstanding shares of its common stock (approximately 622,600
shares), as previously announced on January 26, 2005, in open
market transactions. (Logo:
http://www.newscom.com/cgi-bin/prnh/20040128/SYNFDLOGO ) The
Company also announced today that it intends to purchase up to an
additional five percent of the outstanding shares of its common
stock (approximately 577,628 shares) in open market transactions.
Such purchases will be made from time to time in the open market,
based on stock availability, price and the Company's financial
performance. It is anticipated that purchases will be made during
the next twelve months, although no assurance can be given as to
when they will be made or to the total number of shares that will
be purchased. About Synergy Financial Group, Inc. Synergy Financial
Group, Inc. is the holding company for Synergy Bank and Synergy
Financial Services, Inc. The Company is a financial services
company that provides a diversified line of products and services
to individuals and small- to mid-size businesses. Synergy offers
consumer banking, mortgage lending, commercial banking, consumer
finance, Internet banking, and financial services through a network
of 19 branch offices located in Middlesex, Monmouth, Morris, and
Union counties New Jersey. Forward-Looking Statements This press
release contains forward-looking statements, which are not
historical facts and pertain to future operating results. These
forward- looking statements are within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include, but are not limited to, statements about our
plans, objectives, expectations, and intentions and other
statements contained in this press release that are not historical
facts. When used in this press release, the words "expects,"
"anticipates," "intends," "plans," "believes," "seeks,"
"estimates," or words of similar meaning, or future or conditional
verbs, such as "will," "would," "should," "could," or "may," are
generally intended to identify forward-looking statements. These
forward-looking statements are inherently subject to significant
business, economic, and competitive uncertainties and
contingencies, many of which are beyond our control. In addition,
these forward-looking statements are subject to assumptions with
respect to future business strategies and decisions that are
subject to change. Actual results may differ materially from the
results discussed in these forward-looking statements. We do not
undertake to update any forward-looking statement that may be made
by the Company from time to time.
http://www.newscom.com/cgi-bin/prnh/20040128/SYNFDLOGODATASOURCE:
Synergy Financial Group, Inc. CONTACT: Kevin M. McCloskey, Senior
Vice President and Chief Operating Officer of Synergy Financial
Group, Inc., 1-800-693-3838, extension 3292 Web site:
http://www.synergyonthenet.com/
Copyright
Synergy Financial (NASDAQ:SYNF)
Historical Stock Chart
From May 2024 to Jun 2024
Synergy Financial (NASDAQ:SYNF)
Historical Stock Chart
From Jun 2023 to Jun 2024