First Midwest Bancorp Inc. in Itasca, Ill., said Thursday that it paid $900,000 to repurchase a warrant it had issued to the Treasury Department as part of its participation in the Troubled Asset Relief Program.   

The $8.4 billion-asset company said that the warrant entitled the Treasury to buy roughly 1.3 million shares of common stock.

First Midwest said in November that it had completed the sale of $115 million in senior notes, the proceeds of which it used to exit TARP by redeeming $193 million in preferred stock it issued to the Treasury in late 2008.

 

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