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Stock Market & Financial Investment News

News Breaks
December 14, 2012
16:18 EDTNECBNortheast Community's majority stockholder to waive receipt of dividend
Northeast Community Bancorp, MHC, the company's majority stockholder, has determined to waive receipt of the quarterly dividend. On December 13, the MHC received notice from the Federal Reserve that it does not object to the waiver of dividends paid by the company in the next twelve months. In addition, on November 9, members of the MHC approved the dividend waiver at a special meeting of members.
News For NECB From The Last 14 Days
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November 25, 2014
16:03 EDTNECBNortheast Community announces fourth stock repurchase plan
NorthEast Community Bancorp, the holding company for NorthEast Community Bank, announced that the company’s board of directors has approved the repurchase of up to 255,123 shares, or approximately 5.0% of the company’s outstanding common stock held by persons other than NorthEast Community Bancorp, MHC. These repurchases will be conducted solely through a Rule 10b5-1 repurchase plan with Sandler O’Neill & Partners, L.P., based upon parameters of the Rule 10b5-1 repurchase plan. Repurchased shares will be held in treasury. This is the fourth repurchase plan announced by the company since 2010.

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