Southern First Bancshares in Greenville, S.C., has effectively exited the Troubled Asset Relief Program.

The $1 billion-asset company said in a regulatory filing Tuesday that it repurchased its remaining shares of preferred stock issued to the Treasury Department during the financial crisis.

Southern First said in the filing that it bought back 11,242 shares, valued at $1,000 each, from unnamed, third-party investors, who purchased the stock through a Treasury auction on July 3, 2012.

The company has nine branches in South Carolina, according to the Federal Deposit Insurance Corp.

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