Coastway Bancorp, Inc. (NASDAQ:CWAY) Files An 8-K Other Events
Item 8.01. Other Events
announced that the Board of Directors of the Company adopted a
third stock repurchase program. Under the repurchase program, the
Company may purchase up to 223,331 shares of its common stock, or
approximately 5.0% of its outstanding shares.
program is included as exhibit 99.1 to this report and is
incorporated herein by reference.
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(a)
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No financial statements of businesses acquired are
required. |
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(b)
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No pro forma financial information is required.
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(c)
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Not Applicable.
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(d)
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Exhibits.
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99.1
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Press Release dated November 29, 2016
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About Coastway Bancorp, Inc. (NASDAQ:CWAY)
Coastway Bancorp, Inc. is a bank holding company for Coastway Community Bank (the Bank), which is a chartered stock savings bank. The Company’s subsidiary, the Bank, provides a range of financial services to individuals, families and businesses throughout Rhode Island from over nine banking offices. The Bank’s principal business consists of retail deposits from the general public in its market area and investing those deposits, together with funds generated from operations and borrowings, in one- to four-family residential real estate loans, other loans, home equity loans and lines of credit, commercial real estate loans, the United States small business administration (SBA) loans, commercial business loans, commercial construction loans and consumer loans. The Bank generally has first liens on one- to four-family residential real estate loans and first or second liens on property securing home equity loans and equity lines-of-credit. Coastway Bancorp, Inc. (NASDAQ:CWAY) Recent Trading Information
Coastway Bancorp, Inc. (NASDAQ:CWAY) closed its last trading session up +0.07 at 13.93 with 15,699 shares trading hands.