North Central Bancshares completes Treasury repayment
North Central Bancshares completes Treasury repayment
North Central Bancshares Inc. announced yesterday that it has redeemed all $10.2 million of the Fixed Rate Cumulative Perpetual Preferred Stock Series A issued to the U.S. Department of the Treasury. North Central Bancshares participated in the Troubled Asset Relief Program’s Capital Purchase Program, a program of the Treasury. The company recorded the payment as a reduction to retained earnings, which it expects to reduce fourth-quarter net earnings by 4 cents per share.
North Central Bancshares Inc. announced yesterday that it has redeemed all $10.2 million of the Fixed Rate Cumulative Perpetual Preferred Stock Series A issued to the U.S. Department of the Treasury.
North Central Bancshares participated in the Troubled Asset Relief Program’s Capital Purchase Program, a program of the Treasury. The company recorded the payment as a reduction to retained earnings, which it expects to reduce fourth-quarter net earnings by 4 cents per share.
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