Oct 10 (Reuters) - Minden Bancorp Inc :
* Announces declaration of a cash dividend and adoption of new stock repurchase
* Source textThe Board of Directors also approved the adoption of the Company's second stock repurchase program following MBL Bank's second step conversion offering completed in January 2011. The stock repurchase program provides for the repurchase of up to 50,000 shares, or approximately 2% of the Company's outstanding common stock, from time to time, in open market or privately negotiated transactions. The Company will commence the second repurchase program upon completion of its first repurchase program covering 70,000 shares previously announced in May 2012. As of the date hereof, approximately 7,700 shares remain to be repurchased pursuant to the first repurchase program.
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