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State Investors Bancorp announces second share repurchase program

State Investors Bancorp announced that its board approved the company's second share repurchase program following the completion of the company's first share repurchase program announced in July. The second repurchase program provides for the repurchase of approximately 5% of the company's outstanding shares, or 140,000 shares of common stock. The shares may be purchased in the open market or in privately negotiated transactions from time to time depending upon market conditions and other factors.