MetroCorp repurchased remaining 1,260 outstanding TARP shares MetroCorp Bancshares announced August 9 that the Company successfully repurchased the remaining 1,260 outstanding shares of the Fixed Rate Cumulative Perpetual Preferred Stock, Series A, or TARP shares. The Company participated at the auction by U.S. Treasury on June 28 and acquired 43,740 shares out of the total 45,000 shares.
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