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The Treasury Department was set Tuesday to sell the warrants it held in Cathay General Bancorp (CATY) in Los Angeles.
December 3 -
Cathay General Bancorp (CATY) in Los Angeles has finished buying back the shares it issued to the Treasury Department under the Troubled Asset Relief Program.
September 30 -
The Treasury Department is taking a roughly 45% discount its latest auction of Troubled Asset Relief Program shares.
November 8
The Treasury Department estimates that it made more than $13.1 million from the sale of warrants in Cathay General Bancorp (CATY).
The agency priced more than 1.8 million warrants at $7.20 each, or 70 cents above the minimum bid, in an auction that
Treasury had obtained the warrants as a result of Cathay General's participation in the Troubled Asset Relief Program. The $10.6 billion-asset Cathay General
The Treasury expects the sale of the warrants to close on Monday. Deutsche Bank Securities was the book runner for the auction.
Cathay General shares were trading at $26.29 late Wednesday morning.
