Bridge Capital Holdings BBNK, whose subsidiary is Bridge Bank, National Association, a full service professional business bank headquartered in Silicon Valley, announced today that it has received regulatory approval to repay $24.0 million in TARP Capital Purchase Program funds, plus accrued but unpaid dividends, to the U.S. Treasury.
The company expects to redeem all of the shares of its Series C Preferred Stock that were originally issued to the U.S. Treasury under the program.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in