The Treasury Department raised more than $7 million from the sale of nearly 5.8 million warrants to purchase common stock in Zions Bancorp. (ZION)

The offering was priced at $1.35 per warrant and completed through an auction that ended Wednesday, the $52.4 billion-asset company said in a filing with the Securities and Exchange Commission. The net proceeds were $7.7 million, Treasury says.

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