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[FOX CHASE BANCORP, INC. LETTERHEAD]
NEWS RELEASE
------------
FOR IMMEDIATE RELEASE
DATE:
November 30, 2007
CONTACT: Jerry
Holbrook
Chief Financial Officer
PHONE:
(215) 682-4107
FAX:
(215) 682-4144
FOX CHASE BANCORP, INC. ANNOUNCES 5% STOCK REPURCHASE PLAN
HATBORO, PA, NOVEMBER 30, 2007 - Fox Chase Bancorp, Inc. (the
"Company") (NASDAQ
GM: FXCB), the holding company for Fox Chase Bank (the "Bank"),
today announced
that its Board of Directors has approved the repurchase of up to 5%
of its
common shares outstanding (excluding shares held by Fox Chase MHC),
or
approximately 327,000 shares.
The repurchase plan authorized shares to be repurchased on the open
market or in
privately negotiated transactions. Timing of purchases and the
exact number of
shares to be purchased will depend on market conditions.
Repurchased shares will
be held in treasury.
Fox Chase Bancorp, Inc. is the mid-tier stock holding company of
Fox Chase Bank.
The Bank is a federally chartered savings bank originally
established in 1867
celebrating its 140th year of business. The Bank offers traditional
banking
services and products from its main office in Hatboro, Pennsylvania
and ten
branch office
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