POAGE BANKSHARES, INC. (NASDAQ:PBSK) Files An 8-K Other Events
Item 8.01 Other Events.
On June 26, 2017, Poage Bankshares, Inc. (the “Company”)
completed its previously reported stock repurchase program for up
to 185,000 shares of common stock. The Company repurchased the
185,000 shares at a weighted average price of $19.07 per share.
Additionally, the Company has in effect a separate, previously
reported stock repurchase program for up to 150,000 shares of
common stock under which 24,319 shares remain for repurchase.
As of the date of this Current Report, the Company has 3,522,759
shares of common stock issued and outstanding.
Item 9.01 Financial Statements and Exhibits.
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(a) |
Not applicable. |
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(b) |
Not applicable. |
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(c) |
Not applicable. |
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(d) |
None. |
About POAGE BANKSHARES, INC. (NASDAQ:PBSK)
Poage Bankshares, Inc. is a holding company for Town Square Bank (Town Square). Town Square is a federal savings association. The Company operates in banking segment. Town Square’s business consists of accepting savings accounts, checking accounts and certificates of deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, primarily in first lien one-to-four-family mortgage loans, commercial and multi-family real estate loans, commercial and industrial loans consumer loans, consisting primarily of automobile loans and home equity loans and lines of credit, and construction loans. Town Square purchases investment securities consisting of mortgage-backed securities issued by the United States Government agencies and government-sponsored enterprises, and obligations of state and political subdivisions. Town Square provides financial services to individuals, families and businesses, through its banking offices.