Uwharrie Capital Corp. (UWHR) in Albemarle, N.C., has repaid more than three-fourths of the money it took through the Troubled Asset Relief Program.

On April 3, Uwharrie redeemed $7.7 million of the $10 million of preferred shares it issued to the Treasury Department as part of the Tarp program in December 2008, the $541 million-asset company said last week in a filing with the Securities and Exchange Commission. The company redeemed the stock at par.

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