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CoBiz Financial in Denver plans to issue up subordinated debt to redeem its shares in the Small Business Lending Fund.
June 22 -
QCR Holdings (QCRH) in Moline, Ill., has redeemed more preferred stock it issued to the Treasury Department under the Small Business Lending Fund.
April 1 -
First Bancorp in Southern Pines, N.C., will close 10 branches in three states.
August 27
First Bancorp in Southern Pines, N.C., has redeemed about half of its shares in the Small Business Lending Fund.
The $3.2 billion-asset company on Thursday redeemed $32 million, or 32,000 shares, of the preferred stock it issued to the U.S. Treasury Department, according to a regulatory filing. The shares were redeemed at $1,000 per share, plus accrued dividends.
First Bancorp has 31,500 shares remaining in the SBLF program. It initially issued the SBLF shares in 2011.
First Bancorp did not provide a timetable for when it expects to redeem the remainder of its SBLF shares.
