Maryland | 001-34821 | 36-4670835 |
(State or Other Jurisdiction) | (Commission File No.) | (I.R.S. Employer |
of Incorporation) | Identification No.) |
1211 West Morton Avenue, Jacksonville, Illinois | 62650 | |
(Address of Principal Executive Offices) | (Zip Code) |
Item 8.01 | Other Events. | ||
On July 19, 2011, the Company’s Board of Directors authorized a stock repurchase plan for the Company to repurchase up to 5% of its outstanding shares of common stock, or 96,547 shares in the open market, in block trades or in privately negotiated transactions depending on market conditions. The timing of the repurchases will depend on certain factors, including but not limited to stock price, the Company’s liquidity requirements, and alternative uses of capital. Any repurchased shares will be treated as authorized but unissued shares. A press release containing this announcement is included as Exhibit 99.1. | |||
Item 9.01 | Financial Statements and Exhibits | ||
(a) | No financial statements of businesses acquired are required. | ||
(b) | No pro forma financial information is required. | ||
(c) | Not applicable. | ||
(d) | Exhibit No. | Description | |
99.1 | Press Release dated July 20, 2011 |
JACKSONVILLE BANCORP, INC. | |||
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By:
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/s/ Richard A. Foss | |
Richard A. Foss
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President and Chief Executive Officer
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DATE: July 20, 2011 |
99.1
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News release dated July 20, 2011 announcing Jacksonville Bancorp, Inc.’s Share Repurchase Plan.
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