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EX-99.1 - PRESS RELEASE - BSB Bancorp, Inc.form8kexh_080513.htm
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): August 5, 2013

BSB BANCORP, INC.
(Exact Name of Registrant as Specified in Charter)

Maryland
001-35309
80-0752082
(State or Other Jurisdiction
Identification No.)
(Commission File No.)
(I.R.S. Employer
of Incorporation)

2 Leonard Street, Belmont, Massachusetts
02478
(Address of Principal Executive Offices)
(Zip Code)

Registrant's telephone number, including area code:                                                                                     (617) 484-6700

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[  ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
[  ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
[  ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
[  ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
   

 
 
 

 

Item 8.01                      Other Events

On August 5, 2013, BSB Bancorp, Inc. (the “Company”) announced that its Board of Directors has approved a second stock repurchase program.  Under the repurchase program, the Company may repurchase up to 500,000 shares of its common stock, or approximately 5.5% of the Company’s shares of stock currently outstanding.

The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.  The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate.

A copy of the press release announcing this item is attached as Exhibit 99.1 to this report.
 
Item 9.01                      Financial Statements and Exhibits
 
Exhibit
 
Description
     
99.1
 
Press Release, dated August 5, 2013

 
 
 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.


   
BSB BANCORP, INC.
     
     
     
DATE: August 5, 2013
By:
/s/ John A. Citrano                                                     
   
John A. Citrano
   
Executive Vice President, Chief Financial Officer, Corporate Secretary and Treasurer