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Stock Market & Financial Investment News

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May 9, 2014
16:38 EDTPROVProvident Financial announces new stock repurchase plan
Provident Financial Holdings, the holding company for Provident Savings Bank, F.S.B., announced that the Company's Board of Directors authorized the repurchase of up to 5% of the Company's common stock, or approximately 476,960 shares. The Company will purchase the shares from time to time in the open market or through privately negotiated transactions over a one-year period depending on market conditions, the capital requirements of the Company, and available cash that can be allocated to the stock repurchase plan, among other considerations. The May stock repurchase program is effective immediately, since the Company has completed the November 2013 stock repurchase program by purchasing the remaining 129,675 shares during the quarter ending June 30.
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