Market Overview

Bridge Capital Holdings to Fully Repay TARP Funds

Bridge Capital Holdings (NASDAQ: 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.

Posted-In: News

 

Related Articles (BBNK)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters