Aug 22 - Athens (Tenn.) Bancshares Corp. (Nasdaq: AFCB), the holding company for Athens Federal Community Bank, has authorized a sixth stock repurchase program. The new program authorizes the repurchase of up to 213,853 shares of the company's outstanding common stock. Repurchases will be conducted through open market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions. Repurchases will be made from time to time depending on market conditions and other factors. There is no guarantee as to the exact number of shares to be repurchased by the company. The company's fifth stock repurchase program, which authorized the repurchase of up to 112,554 shares of company common stock, was completed on May 20, 2013.
Athens Bancshares Cor. is the parent holding company of Athens Federal Community Bank. Athens Federal Community Bank, a federally chartered, FDIC-insured savings bank, was organized in 1934. The Bank is headquartered in Athens, Tenn., and provides financial services to individuals, families and businesses through its seven banking offices located in southeast Tennessee.