INC. ANNOUNCES THE ADOPTION OF A Rule 10b5-1 REPURCHASE PLAN.
MD. – December 30, 2008 - SFSB, INC. (OTCBB: SFBI) today announced that the
Company entered into a Rule 10b5-1 repurchase plan with Sandler O’Neill &
Partners, L.P. under which Sandler O’Neill will repurchase up to 53,552 shares
on behalf of the Company as part of the Company’s previously announced stock
repurchase plan. Purchases by Sandler O’Neill will become effective
on January 1, 2009 and will continue until the earlier of the date that all
shares have been purchased or December 31, 2009.
10b5-1 repurchase plan allows the Company to repurchase its shares during
periods when it would normally not be active in the market due to its internal
trading blackout period.
Inc., headquartered in Bel Air, Maryland is the holding company of Slavie
Federal Savings Bank. The bank is a 108 year old federally chartered,
FDIC-insured thrift serving the Baltimore Metropolitan area and surrounding
counties in Maryland. The bank offers a wide variety of financial services and
products throughout its market area. The bank maintains a website at www.slavie.com.