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Stock Market & Financial Investment News

News Breaks
January 9, 2013
18:01 EDTEFSCEnterprise Financial Services repurchases warrants from U.S. Tresury
Enterprise Financial Services announced that it has repurchased the warrants issued to the U.S. Department of the Treasury as part of the TARP Capital Purchase Program. The warrants provided the right to purchase 324,074 shares of Enterprise common stock. Enterprise and the Treasury Department agreed upon a repurchase price of approximately $1M for the warrants. This transaction completes Enterprise's exit from the Capital Purchase Program. The Company has already repurchased in full the $35M in preferred stock it issued to the Treasury under the Program.
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