SEATTLE, Jan. 30, 2015 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (Nasdaq:SFBC) announced today that the Company's Board of Directors has authorized the repurchase of up to 2.5% of the Company's outstanding shares. The shares may be purchased in the open market or in privately negotiated transactions, from time to time over a twelve-month period depending upon market conditions and other factors.
Laurie Stewart, President and Chief Executive Officer of the Company, indicated that the Board of Directors approved the repurchase program in view of the current price level of the Company's common stock and the strong capital position of the Company's subsidiary, Sound Community Bank. Ms. Stewart stated: "We believe the repurchase of our shares will benefit both the Company and our shareholders."
Sound Financial Bancorp, Inc. is the holding company for Sound Community Bank, a full-service bank, providing personal and business banking services in communities across the greater Puget Sound region. The Seattle-based company operates five full-service banking offices in King, Pierce, Snohomish, Jefferson and Clallam Counties, and is on the web at www.soundcb.com.
Forward-Looking Statements
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