Peapack-Gladstone Financial (PGC) of Bedminster, N.J., has paid $110,000 to repurchase the warrant it issued to the Treasury Department as part of the Troubled Asset Relief Program.
The warrant allowed the Treasury Department to buy up to roughly 150,000 shares of common stock, the $1.6 billion-asset Peapack-Gladstone said Thursday.
Peapack-Gladstone repurchased its remaining preferred shares in January. It received $29 million from the program in January 2009.
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