Central Bancorp, Inc. Repurchases Warrant Issued Under the U.S. Treasury's Capital Purchase Program
19 Ottobre 2011 - 10:08PM
Marketwired
Central Bancorp, Inc. (NASDAQ: CEBK) (the "Company") today
announced that it has repurchased the warrant it issued to the U.S.
Department of Treasury on December 5, 2008 in connection with the
Company's participation in the TARP Capital Purchase Program. The
10-year warrant had entitled the Treasury to purchase up to 234,742
shares of the Company's common stock at an exercise price of $6.39
per share. The Company paid Treasury a total of $2.525 million to
repurchase the warrant. As previously announced, on August 25,
2011, the Company redeemed all $10.0 million of the preferred stock
that it sold to the Treasury under the TARP Capital Purchase
Program.
Central Bancorp, Inc. is the holding company for Central Bank,
whose legal name is Central Co-operative Bank, a
Massachusetts-chartered co-operative bank operating nine
full-service banking offices, a limited service high school branch
in suburban Boston and a standalone 24-hour automated teller
machine in Somerville.
This press release may contain certain forward-looking
statements, which are based on management's current expectations
regarding economic, legislative and regulatory issues that may
impact the Company's earnings in future periods. Factors that could
cause future results to vary materially from current management
expectations include, but are not limited to, general economic
conditions, changes in interest rates, deposit flows, changes in
the growth of the Company's small business lending portfolio, real
estate values and competition, changes in accounting principles,
policies or guidelines, changes in legislation or regulation, and
other economic, competitive, governmental, regulatory and
technological factors affecting the Company's operations, pricing,
products and services.
Contact: Paul S. Feeley Senior Vice President, Treasurer and
Chief Financial Officer (617) 628-4000
Grafico Azioni Central Bancorp (NASDAQ:CEBK)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Central Bancorp (NASDAQ:CEBK)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a Central Bancorp, (MM) (NASDAQ): 0 articoli recenti
Più Central Bancorp, Inc. Articoli Notizie