METAIRIE, La., Feb. 23, 2011 (GLOBE NEWSWIRE) -- Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that it has approved the purchase of 5%, or 180,797 shares, of its outstanding common stock, subject to the completion of the Company's previously announced eleventh repurchase program. These shares may be acquired in the open market or privately negotiated transactions, as and when deemed appropriate by management over the next six months. There are currently 7,417 shares remaining to be repurchased under the Company's on-going eleventh repurchase program.
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