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By Jackie Stewart
NOV 21, 2011 12:30pm ET

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First Northern in California Buys Back Tarp Warrant

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First Northern Community Bancorp in Dixon, Calif., said Monday that it had exited the Troubled Asset Relief Program after repurchasing a stock warrant from the Treasury Department.

The warrant, issued in March 2009, allowed its holder to acquire more than 350,000 shares of common stock at $7.39 a share.

The $747 million-asset company paid the Treasury $375,000 for the warrant, according to a filing with the Securities and Exchange Commission filing.

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