Clifton Savings Bancorp, Inc.Announces Ninth
Stock Repurchase Plan
March 03, 2010 03:19 PM Eastern Time
CLIFTON, N.J.--(EON: Enhanced Online News)--Clifton Savings Bancorp, Inc. (Nasdaq Global Select Market:
CSBK) announced today that the Company’s board of directors has approved the repurchase for up to 300,000
shares, of the Company’s outstanding common stock held by persons other than Clifton MHC. These repurchases
will be conducted solely through a Rule 10b5-1 repurchase plan with Keefe, Bruyette & Woods, Inc., based upon
parameters of the Rule 10b5-1 repurchase plan. Repurchased shares will be held in treasury. This is the ninth
repurchase plan announced since becoming a public Company in March 2004. The Company’s eighth repurchase
program was completed on March 1, 2010, under which 350,000 shares were purchased at a total cost of
approximately $3,260,000, or $9.31 per share.
The Rule 10b5-1 repurchase plan allows the Company to repurchase its shares during periods when it would
normally not be active in the market due to its internal trading blackout period.
The Company is the holding company of Clifton Savings Bank, a federally chartered savings bank headquartered in
Clifton, New Jersey. The Bank operates 11 full-service banking offices in northeast New Jersey.
Clifton Savings Bancorp, Inc.
Bart D’Ambra, 973-473-2200