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From a February 11, 2008 press release...

The Company announced today that the Board of Directors has authorized the repurchase of up to 15,800,000 shares, or approximately 15%, of the Company's outstanding common stock (excluding common stock held by Third Federal Savings and Loan Association of Cleveland, MHC, the Company's mutual holding company). In accordance with Office of Thrift Supervision regulations, such repurchases may not commence until after one year following the completion of the Company's stock offering, or April 21, 2008. ... The repurchase authorization may be suspended, terminated or modified at any time for any reason. Repurchases may be made through open market purchases, block trades, and in negotiated private transactions. ... Any repurchased shares will be held as treasury stock and will be available for general corporate purposes.
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