7 hours ago
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Columbia Financial (NASDAQ:CLBK) announced that its board of directors has approved a new stock repurchase program, to buy back up to 1.8 million shares, which represents about 1.7% of its currently outstanding common stock.
This program was adopted after receiving a non-objection notice from the Federal Reserve Bank of Philadelphia.
The share repurchase program will last for one year.
The timing and number of shares bought back will be determined by factors such as share price, market conditions, and the company's financial needs.
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