First Sound Bank (FSWA) in Seattle has bought back its Troubled Asset Relief Program shares after raising nearly $8 million.

The bank said Thursday that it paid the Treasury Department $3.7 million for its $7.4 million in outstanding Tarp shares, a 50% discount, and extinguished all its warrants and unpaid dividends.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.