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Chicopee Bancorp, Inc. Announces Completion of Fourth Stock Repurchase Plan

^{Published on 2010-11-23 12:20:29 - Market Wire}
 

CHICOPEE, Mass.--([ BUSINESS WIRE ])--Chicopee Bancorp, Inc. (the, aCompanya) (NASDAQ: CBNK), the holding company for Chicopee Savings Bank, announced that it has completed its fourth stock repurchase program which was announced on February 26, 2010. The Company acquired 318,952 shares, or 5% of the Companya™s outstanding common stock at an average purchase price of approximately $11.75 per share. Mr. William J. Wagner, President and CEO, aWe are pleased to announce the successful completion of our current share repurchase program. The Board of Directora™s and management, continue to believe that the repurchase of the Companya™s shares at a reasonable price is an attractive use of the Company's capital to maximize shareholder value.a

"We are pleased to announce the successful completion of our current share repurchase program. The Board of Directora™s and management, continue to believe that the repurchase of the Companya™s shares at a reasonable price is an attractive use of the Company's capital to maximize shareholder value."