United Financial Bancorp Authorizes 2% Buyback

Jun 21, 2008 (financialwire.net via COMTEX) -- UBNKD | Quote | Chart | News | PowerRating -- June 20, 2008 (FinancialWire) United Financial Bancorp, Inc.'s (NASDAQ: UBNK | Quote | Chart | News | PowerRating) (Current Market Cap: US$205.70 Mil.) board has approved a 2% stock repurchase plan to fund awards of restricted stock contemplated under the company's 2008 equity incentive plan, which was approved by stockholders at the company's 2008 annual meeting held on June 10.

Under the plan, the company plans to repurchase up to 359,581 shares.

The authorized share repurchases represent around 2% of United Financial Bancorp's total outstanding shares of common stock. As of June 19, the company had 17,763,747 common shares outstanding.

West Springfield, Massachusetts-based United Financial Bancorp is the holding company for United Bank, a federally chartered savings bank that provides a range of financial products and services through its fifteen branch offices located throughout Western Massachusetts.

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