United Financial Bancorp Announces New Stock Buyback Plan

(RTTNews) - United Financial Bancorp, Inc. (UBNK), the holding company for United Bank, said Friday that its Board of Directors has approved a new stock repurchase plan.

The company plans to repurchase up to 970,000 shares, or 5%, of its outstanding shares of common stock from time to time, depending on market conditions, at prevailing market prices in open-market transactions or privately negotiated transactions.

The new plan will commence upon the completion of the company's current repurchase program announced on October 18, 2012. The company has about 253,000 shares remaining under the current program.