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MB Bancorp authorizes stock buyback program

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MB Bancorp authorizes stock buyback program

Forest Hill, Md.-based MBBancorp Inc. authorized a stock repurchase program to acquire up to211,600 shares, or 10%, of its outstanding common stock, according to a March 30news release.

Repurchases will be conducted through open-market purchases orthrough privately negotiated transactions. The buyback program will terminate uponthe completion of the purchase of 211,600 shares or on Oct.15 if not all shareshave been purchased by that date.