First Charter Announces Stock Repurchase Plan

Apr 27, 2001, 01:00 ET from First Charter Corporation

    CHARLOTTE, N.C., April 27 /PRNewswire/ --
     First Charter Corporation (Nasdaq:   FCTR) announced today that the Board of
 Directors has authorized a stock repurchase plan to acquire up to 1 million
 shares, or approximately 3.2%, of the Corporation's common stock.  The shares
 will be purchased from time to time at the Corporation's discretion and will
 be retired.  The purchases of shares will be effected in the open market or
 through privately negotiated transactions and will be made in compliance with
 all applicable regulatory guidelines.  The repurchase program may be
 discontinued at any time.
     "Our Board believes that First Charter Corporation stock is an attractive
 investment with potential for continued long-term growth," commented Lawrence
 M. Kimbrough, President and Chief Executive Officer.  "This repurchase program
 is consistent with our determination to build maximum value for our
 shareholders."
 
     Corporate Profile
 
     First Charter Corporation is a regional financial services company with
 assets of $3.08 billion and is the holding company for First Charter National
 Bank.  First Charter operates 52 financial centers, five insurance offices and
 99 ATMs located in 17 counties throughout the western half of North Carolina.
 First Charter provides businesses and individuals with a broad range of
 financial services, including banking, comprehensive financial planning, funds
 management, investments, insurance, mortgages and a full array of employee
 benefit programs.  Additional information about First Charter can be found by
 visiting www.FirstCharter.com or by calling 1-800-601-8471.  Common stock for
 First Charter is traded under the symbol "FCTR" on The Nasdaq National Market.
 
     Forward-Looking Statements
 
     This news release contains forward-looking statements.  Such statements
 are subject to certain factors that may cause the company's results to vary
 from those expected.  These factors include changing economic and financial
 market conditions, competition, ability to execute our business plan, items
 already mentioned in this press release, and other factors described in our
 filings with the Securities and Exchange Commission.  Readers are cautioned
 not to place undue reliance on these forward-looking statements, which reflect
 management's judgment only as of the date hereof.  The company undertakes no
 obligation to publicly revise these forward-looking statements to reflect
 events and circumstances that arise after the date hereof.
 
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SOURCE First Charter Corporation
    CHARLOTTE, N.C., April 27 /PRNewswire/ --
     First Charter Corporation (Nasdaq:   FCTR) announced today that the Board of
 Directors has authorized a stock repurchase plan to acquire up to 1 million
 shares, or approximately 3.2%, of the Corporation's common stock.  The shares
 will be purchased from time to time at the Corporation's discretion and will
 be retired.  The purchases of shares will be effected in the open market or
 through privately negotiated transactions and will be made in compliance with
 all applicable regulatory guidelines.  The repurchase program may be
 discontinued at any time.
     "Our Board believes that First Charter Corporation stock is an attractive
 investment with potential for continued long-term growth," commented Lawrence
 M. Kimbrough, President and Chief Executive Officer.  "This repurchase program
 is consistent with our determination to build maximum value for our
 shareholders."
 
     Corporate Profile
 
     First Charter Corporation is a regional financial services company with
 assets of $3.08 billion and is the holding company for First Charter National
 Bank.  First Charter operates 52 financial centers, five insurance offices and
 99 ATMs located in 17 counties throughout the western half of North Carolina.
 First Charter provides businesses and individuals with a broad range of
 financial services, including banking, comprehensive financial planning, funds
 management, investments, insurance, mortgages and a full array of employee
 benefit programs.  Additional information about First Charter can be found by
 visiting www.FirstCharter.com or by calling 1-800-601-8471.  Common stock for
 First Charter is traded under the symbol "FCTR" on The Nasdaq National Market.
 
     Forward-Looking Statements
 
     This news release contains forward-looking statements.  Such statements
 are subject to certain factors that may cause the company's results to vary
 from those expected.  These factors include changing economic and financial
 market conditions, competition, ability to execute our business plan, items
 already mentioned in this press release, and other factors described in our
 filings with the Securities and Exchange Commission.  Readers are cautioned
 not to place undue reliance on these forward-looking statements, which reflect
 management's judgment only as of the date hereof.  The company undertakes no
 obligation to publicly revise these forward-looking statements to reflect
 events and circumstances that arise after the date hereof.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X05421829
 
 SOURCE  First Charter Corporation