December 3, 2009 (FinancialWire) — United Financial Bancorp, Inc. (NASDAQ: UBNK) has completed its repurchase of a total of 841,138 shares of its outstanding common stock, at an average price of $12.88, in connection with a repurchase program the company launched in February.

The company will now begin a repurchase program previously approved by its board of directors and announced on October 16, 2009. Under the terms of the plan, the company intends to repurchase up to 798,055 shares, or 5% of the its outstanding shares of common stock, from time to time depending on market conditions, at prevailing market prices in open market transactions.

United Financial Bancorp is a publicly owned corporation and the holding company for United Bank, a federally chartered savings bank with 22 branch offices located throughout Western and Central Massachusetts.

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