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Stilwell purchases additional shares of Ben Franklin Financial

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Stilwell purchases additional shares of Ben Franklin Financial

Activist investor Joseph Stilwell, Stilwell Value LLC and related investment vehicles have purchased additional common shares of Ben Franklin Financial Inc.

Entities in the Stilwell-led group on Jan. 31 purchased 68,443 shares at $7.50 per share for a total purchase price of $513,323.

Stilwell and related investment vehicles beneficially own 129,693 shares, or a 9.9% stake in the Arlington Heights, Ill.-based company.

In February 2015, the group reported beneficial ownership of 61,250 Ben Franklin Financial shares.