First Bancorp in Damariscotta, Maine, has repurchased warrants it sold to the Treasury Department under the Troubled Asset Relief Program.
The $1.6 billion-asset company disclosed in a regulatory
First Bancorp originally issued the warrants to the Treasury in January 2009 in conjunction with the issuance of $25 million of preferred stock. The company bought back the preferred stock in three separate transactions in 2012 and 2013.
The Treasury sold the warrants in May 2015.