West Springfield-based United Financial Bancorp, the holding company for United Bank, has completed its repurchase of 885,379 shares of outstanding common stock. The stock was repurchased at an average price of $13.93 per share, in connection with its previously announced stock repurchase program, which began Dec. 2.
"We are pleased to announce the successful completion of our third share repurchase program since becoming a public company," said Richard B. Collins, president and chief executive officer. "We continue to believe that the repurchase of UBNK shares represents an attractive investment for the long term, based on the current price level."