HAZARD, Ky. — Kentucky First Federal Bancorp the holding company for First Federal Savings and Loan Association of Hazard, Kentucky, and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced that the company has substantially completed the stock repurchase program which was initiated December 19, 2018.
The board of directors has authorized the purchase of up to 150,000 shares in a new stock repurchase program.
The shares repurchased through the new program will be held as treasury stock. Repurchases will be effected through open market purchases or unsolicited privately negotiated transactions.
The stock repurchase program will be dependent on market conditions and there is no guarantee as to the exact number of shares that the Company will repurchase.
Kentucky First Federal Bancorp is the parent company of First Federal Savings and Loan Association of Hazard, which operates one banking office in Hazard, Ky., and First Federal Savings Bank of Kentucky, which operates three banking offices in Frankfort, Ky., two banking offices in Danville, Ky., and one banking office in Lancaster, Ky. Kentucky First Federal Bancorp shares are traded on the Nasdaq National Market under the symbol KFFB. At December 31, 2020, the company had approximately 8,236,715 shares outstanding of which approximately 57.4% was held by First Federal MHC.