Acadiana Bancshares, Inc. Announces Results of Stock Repurchase Programs

Apr 25, 2001, 01:00 ET from Acadiana Bancshares, Inc.

    LAFAYETTE, La., April 25 /PRNewswire/ -- Acadiana Bancshares, Inc.,
 (Amex:   ANA) (the "Company"), the holding company for LBA Savings Bank, (the
 "Bank"), announced today that it has approved a twelve month extension on its
 seventh open market stock repurchase program previously announced on
 April 25, 2000 for the remaining number of shares not yet purchased at
 April 25, 2001.
     The Company projects that its repurchase program has been accretive to
 earnings per share, and will enhance long-term shareholder value.   A summary
 of stock repurchase activity since the consummation of the Company's initial
 public offering ("IPO") on July 16, 1996 is as follows:
 
       REPURCHASE SUMMARY
       Original Shares Issued in IPO                2,731,250
       Total Shares Held in Treasury                1,403,429
       Current Shares Outstanding                   1,327,821
       Percent of IPO Shares Held in Treasury           51.4%
       Capital / Assets Ratio (A)                       8.64%
       Book Value Per Share (A)                        $21.24
 
     (A)  Based on data as of March 31, 2001.
 
     The Company announced that it extended the open-market stock repurchase
 program originally announced April 25, 2000, of which 54,482 shares of the
 Company's common stock were not purchased by April 25, 2001 (10% of the
 Company's then issued and outstanding shares of common stock, originally
 amounting to 141,482 shares, less 87,000 shares purchased between
 April 25, 2000 and April 25, 2001).  "The continuation and extension of our
 seventh repurchase plan will support our continued strategy to leverage our
 capital structure by enhancing return on equity and earnings per share to
 stockholders," said President and Chief Executive Officer Jerry Reaux.  The
 Company will make repurchases from time to time during the 12-month period
 ending April 25, 2002 as, in the opinion of management, market conditions
 warrant.  All repurchased shares will be held as treasury stock and will be
 available for general corporate purposes, including the funding of awards of
 stock options pursuant to the Company's stock option plan.
 
     Acadiana Bancshares, Inc. is headquartered in Lafayette, Louisiana; LBA
 Savings Bank, in its 102nd year, conducts business from its main office and
 four branch offices, three located in Lafayette, Louisiana, and one branch in
 New Iberia, Louisiana, and one loan production office in Eunice, Louisiana.
 
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SOURCE Acadiana Bancshares, Inc.
    LAFAYETTE, La., April 25 /PRNewswire/ -- Acadiana Bancshares, Inc.,
 (Amex:   ANA) (the "Company"), the holding company for LBA Savings Bank, (the
 "Bank"), announced today that it has approved a twelve month extension on its
 seventh open market stock repurchase program previously announced on
 April 25, 2000 for the remaining number of shares not yet purchased at
 April 25, 2001.
     The Company projects that its repurchase program has been accretive to
 earnings per share, and will enhance long-term shareholder value.   A summary
 of stock repurchase activity since the consummation of the Company's initial
 public offering ("IPO") on July 16, 1996 is as follows:
 
       REPURCHASE SUMMARY
       Original Shares Issued in IPO                2,731,250
       Total Shares Held in Treasury                1,403,429
       Current Shares Outstanding                   1,327,821
       Percent of IPO Shares Held in Treasury           51.4%
       Capital / Assets Ratio (A)                       8.64%
       Book Value Per Share (A)                        $21.24
 
     (A)  Based on data as of March 31, 2001.
 
     The Company announced that it extended the open-market stock repurchase
 program originally announced April 25, 2000, of which 54,482 shares of the
 Company's common stock were not purchased by April 25, 2001 (10% of the
 Company's then issued and outstanding shares of common stock, originally
 amounting to 141,482 shares, less 87,000 shares purchased between
 April 25, 2000 and April 25, 2001).  "The continuation and extension of our
 seventh repurchase plan will support our continued strategy to leverage our
 capital structure by enhancing return on equity and earnings per share to
 stockholders," said President and Chief Executive Officer Jerry Reaux.  The
 Company will make repurchases from time to time during the 12-month period
 ending April 25, 2002 as, in the opinion of management, market conditions
 warrant.  All repurchased shares will be held as treasury stock and will be
 available for general corporate purposes, including the funding of awards of
 stock options pursuant to the Company's stock option plan.
 
     Acadiana Bancshares, Inc. is headquartered in Lafayette, Louisiana; LBA
 Savings Bank, in its 102nd year, conducts business from its main office and
 four branch offices, three located in Lafayette, Louisiana, and one branch in
 New Iberia, Louisiana, and one loan production office in Eunice, Louisiana.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X62162872
 
 SOURCE  Acadiana Bancshares, Inc.