Get unlimited digital access to baltimoresun.com. $0.99 for 4 weeks.
Business

Fairmount Bancorp plans to buy back up to 25,000 shares

Fairmount Bancorp announced Friday that it plans to repurchase up to 25,000 shares of its common stock, or about 5 percent of the total outstanding shares. The parent of the Baltimore County-based Fairmount Bank said it will buy shares periodically over the next six months depending on market conditions. Joseph M. Solomon, president and CEO, said in a statement that the company's strong capital position allows it to conduct the buyback to enhance stockholder value.

  • Text BUSINESS to 70701 to get Baltimore Sun Business text alerts
  • Copyright © 2015, The Baltimore Sun
    Related Content
    • 3-D printed car factory planned at National Harbor
      3-D printed car factory planned at National Harbor

      The folks building National Harbor on the Potomac River figure it's a fine place to shop, work, eat out, gamble, stay a few nights, ride a Ferris wheel, and — manufacture cars.

    • Baltimore People on the Move archive
      Baltimore People on the Move archive

      Readers submit photos and information on employees who have recently been promoted, hired or honored at area businesses. Select photos will be published in the Maryland Business section of Tuesday editions of The Baltimore Sun. Caption size is limited and only photos are accepted in this...

    Comments
    Loading