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Prosperity Bancshares Inc. Message Board

  • gregofuse gregofuse Nov 10, 2000 2:23 PM Flag

    Buyback

    On December 9, 1999, the Board of Directors
    approved a share repurchase program for up to $100 million
    of our Class A common stock. We may repurchase
    shares in the open market as well as in privately
    negotiated transactions based on prevailing market
    conditions. We have repurchased 1,014,500 shares for $19.3
    million at an average price per share of $19.05 since the
    beginning of the program (December 1999). During the first
    six months of 2000, we repurchased 645,916 shares for
    an aggregate of $11.8 million at an average price
    per share of $18.22.

 
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