Summer Savings! Get unlimited digital access for 13 weeks for $13.
Business
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.

Copyright © 2015, The Baltimore Sun
Related Content
  • 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 feature....

  • Health Professionals on the Move archive

    Health Professionals on the Move archive

    Readers submit photos and information on medical professionals who have recently been promoted, hired or honored. Select photos will be published in the Health and Medicine section of Sunday's edition of The Baltimore Sun. Caption size is limited and only photos are accepted in this feature. Submit...

Comments
Loading
81°