4.	TREASURY STOCK

The Holding Company did not repurchase any of its common stock (“Common Stock”) into treasury during the three or nine-month periods ended September 30, 2016, or the three-month period ended September 30, 2015. The Holding Company repurchased 20,000 shares of Common Stock into treasury during the nine months ended September 30, 2015 at a weighted average cost of $15.00 per share.

On July 1, 2016, the Company received 107,008 shares of Common Stock from a retired participant of the BMP using the previous day’s closing price of $17.01 in lieu of payment of tax withholdings. These shares were returned to treasury stock on July 6, 2016.

On April 29, 2016, 60,675 shares of Common Stock were released from treasury in order to fulfill benefit obligations under the 2013 Equity and Incentive Plan, and 12,424 shares of treasury stock were released in order to fulfill benefit obligations under the BMP. The closing price of the Common Stock on that date was $18.11, and the shares were released utilizing the average historical cost method.

On March 24, 2016, 28,044 shares of the Common Stock were released from treasury in order to satisfy potential future performance-based equity awards under the 2016 Long-Term Incentive Plan. The closing price of the Common Stock on that date was $17.35, and the shares were released utilizing the average historical cost method.

On April 30, 2015, 68,069 shares of the Common Stock were released from treasury in order to fulfill benefit obligations under the 2013 Equity and Incentive Plan. The closing price of the Common Stock on that date was $15.92, and the shares were released utilizing the average historical cost method.

On April 23, 2015, 11,557 shares of the Common Stock were released from treasury in order to fulfill benefit obligations under the BMP. The closing price of the Common Stock on that date was $16.37, and the shares were released utilizing the average historical cost method.

Shares either released from treasury stock for earned equity awards or returned to treasury stock due to forfeited equity awards were otherwise immaterial during the three-month and nine-month periods ended September 30, 2016 and 2015.