The Treasury Department has confirmed that HF Financial Corp. has repurchased a warrant in a deal involving the government rescue of Wall Street.
The Sioux Falls, S.D., bank repurchased the warrant for $650,000, according to a Treasury report Thursday on the Troubled Asset Relief Program.
Tarp was created last October to bail out Wall Street. The bank's warrant and preferred stock were issued to the Treasury in November as part of the government's Capital Purchase Program. HF Financial repaid the $25 million in preferred stock in early June.