The holding company for Teche Federal Bank says it might repurchase up to 3% of its common stock, or nearly 63,000 shares. Teche recently purchased nearly 15,650 shares for just under $32 each. Bank officials say they were doing the repurchasing because Teche is not participating the in Treasury’s Troubled Assets Relief Program. The New Iberia-based bank has three locations in Baton Rouge and one in Prairieville.
Teche Federal Bank considers stock repurchase
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