Become a digitalPLUS subscriber. $12 for 12 weeks.

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 © 2014, The Baltimore Sun
    Related Content