MB Financial Repurchases Warrant from U.S. Treasury
MB Financial, Inc. (NASDAQ: MBFI) announced today that it repurchased in full the ten-year warrant held by the U.S. Department of Treasury to purchase 506,024 shares of the Company's common stock issued in 2008 to the Treasury as part of the Troubled Asset Relief Program Capital Purchase Program. The price paid by the Company to repurchase the warrant was $1.5 million.
On March 14, 2012, the Company repurchased all $196.0 million of the Series A Preferred Stock that was issued to the Treasury under the TARP Capital Purchase Program. The Company has repurchased all securities issued to the Treasury under the TARP Capital Purchase Program.
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