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MSB Financial's board approves stock repurchase plan

The board of Millington, N.J.-based MSB Financial Corp. has approved a stock repurchase plan to buy up to 273,150 of the company's common shares, or approximately 5% of the outstanding common shares.

In connection with the buyback plan, MSB Financial entered into a Rule 10b5-1 plan with Keefe Bruyette & Woods.