WESTERN NEW ENGLAND BANCORP, INC. (NASDAQ:WNEB) Files An 8-K Other Events
Item 8.01.
Other Events.
On January 31, 2017, the Board of Directors of Western New
England Bancorp, Inc. (the Company), the holding company for
Westfield Bank, announced the authorization of a stock repurchase
program, under which the Company may repurchase up to 3,047,000
shares, or 10%, of its outstanding common stock.
On February 17, 2017, the Company entered into an agreement with
Griffin Financial Group, LLC to repurchase up to 3,047,000 shares
of the Companys common stock, $0.01 par value per share, to its
stock repurchase program (10b5-1 Plan). to the 10b5-1 Plan, a
maximum of 3,047,000 shares may be purchased beginning March 20,
2017 until the 10b5-1 Plan expires on March 19, 2018.
About WESTERN NEW ENGLAND BANCORP, INC. (NASDAQ:WNEB)
Western New England Bancorp, Inc., formerly Westfield Financial, Inc., is a Massachusetts-chartered stock holding company. The Company serves as a holding company for Westfield Bank (the Bank). It is a provider of banking products and services to business organizations and individuals, including products such as residential and commercial loans, consumer loans and a variety of deposit products. It focuses on residential real estate lending, as well as servicing commercial customers, including commercial and industrial lending and commercial deposit relationships. In addition, it provides online banking services. It operates through over 21 banking offices located in Agawam, Chicopee, East Longmeadow, Feeding Hills, Holyoke, Ludlow, Southwick, Springfield, Ware, West Springfield and Westfield, Massachusetts, and Granby and Enfield, Connecticut. It also has over 10 automated teller machine (ATM) locations in Holyoke, Southwick, Springfield, West Springfield and Westfield, Massachusetts. WESTERN NEW ENGLAND BANCORP, INC. (NASDAQ:WNEB) Recent Trading Information
WESTERN NEW ENGLAND BANCORP, INC. (NASDAQ:WNEB) closed its last trading session up +0.05 at 9.65 with 59,323 shares trading hands.