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Ohio-based United Community Financial board OKs new stock buyback plan

's board authorized a new repurchase program, whereby thecompany may buy back up to 2.5 million outstanding shares.

Sharepurchases may be made periodically in the open market through block trades orotherwise. The shares that the company bought back will be held as treasurystock and will be available for general corporate purposes, including employeeincentive plans issued pursuant to the shareholder-approved 2015 UnitedCommunity Long Term Incentive Plan.

TheYoungstown, Ohio-based company had 47,477,440 shares outstanding as of April 27.