Two community banks have repaid the Troubled Asset Relief Program.

Virginia Commerce Bancorp (VCBI) in Arlington paid $71.3 million from retained earnings and liquidity to redeem all of its preferred shares, the $3 billion-asset company said Tuesday. The payment included $71 million in liquidation value of the stock and roughly $256,000 in accrued and unpaid dividends for the current quarter.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.