Wisconsin Banking Update
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Bank Mutual Cuts Dividend; Repurchases Stock
Posted on November 3rd, 2009 No commentsBank Mutual Corp. will pay a quarterly cash dividend of 7 cents per share, 2 cents less than its previous dividend. The Brown Deer, Wis.-based parent company of Bank Mutual banks also announced another stock repurchase program under which the corporation will buy back up to 1 million shares, or about 2.2 percent, of its outstanding shares, the Milwaukee Journal Sentinel reported.
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