Regions Financial Corporation Repurchases Warrant from U.S. Treasury
Regions Financial Corp. (NYSE: RF) announced today that it completed the repurchase of the warrant issued to the United States Department of the Treasury as part of the TARP Capital Purchase Program. The warrant provided the right to purchase 48,253,677 shares of Regions common stock at $10.88 per share. Regions and the U.S. Treasury agreed upon a repurchase price of $45 million for the warrant.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.