Community First stock repurchase receives authorization

Bank News, June, 2003 by Anonymous

A stock repurchase plan has been authorized for Community First Bankshares, Inc., Fargo, N.D. Directors have authorized the repurchase of up to 3 million shares of common stock. This represents approximately 8% of the common stock currently outstanding.

This is the fourth repurchase program authorized since April 2000. Each of the first two programs authorized the repurchase of up to 5 million shares, while the third repurchase program authorized the repurchase of up to 3 million shares. Since the first quarter of 2000, the company has repurchased a total of 13 million shares, approximately 25% of the shares outstanding. Approximately 759,000 shares remain under the third repurchase authorization.