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Heartland Financial repurchases TARP warrant for $1.8 million
Dave DeWitte
Sep. 28, 2011 5:05 pm
Heartland Financial USA of Dubuque has completed the repurchase of a warrant held by the Treasury Department under the Treasury's Capital Purchase Program.
The Warrant was repurchased by Heartland for $1.8 million. The warrant had entitled Treasury to purchase up to 609,687 shares of Heartland common stock at an exercise price of $20.10 per share.
The Warrant was issued in December 2008 under the CPP as part of the Troubled Asset Relief program, or TARP. Heartland said the repurchase concludes its participation in the program.
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