Premier Financial Bancorp in Huntington, W.Va., has completed its exit from the Troubled Asset Relief Program.
The $1.3 billion-asset company said in a press release Friday that it repurchased a common stock warrant from the Treasury Department for roughly $5.7 million. The warrant would have allowed the Treasury to buy about 636,000 shares of Premier Financial's stock at an exercise price of $5.25 a share.
Premier Financial in November bought back the last of the preferred stock it issued the Treasury in October 2009 as part of Tarp.
