Annapolis Bancorp (ANNB) in Maryland has repaid its Troubled Asset Relief Program funds in preparation for its sale to F.N.B. Corp (FNB).

The $445 million-asset Annapolis said Wednesday that it has paid the Treasury Department $4.1 million to redeem its preferred stock and complete its exit from Tarp. Annapolis received $8.2 million in January 2009 and repaid half of it in April 2012, it said in the news release.

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