Investor Relations

Stock Purchase Program

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On June 30, 2005, the Board of Directors approved a common stock buyback program to purchase up to 5% of BofI’s outstanding common shares. The buyback program became effective on August 23, 2005 with no termination date. Prior to July 1, 2008, a total of 319,500 shares of BofI were purchased under this program. On November 21, 2008 the Board approved an expansion of the program to purchase up to an additional 500,000 shares of our 8.3 million outstanding common shares, if and when the opportunity arises. The increased authorization was effective immediately with no termination date. The program authorizes BofI to buy back common stock at its discretion, subject to market conditions. During the fiscal year ended June 30, 2009, a total of 276,200 shares of BofI common stock were purchased under this program.
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