Enterprise Financial Repurchases TARP Funds

Enterprise Financial Services Corp. has repurchased $35 million in preferred stock issued through the U.S. Treasury’s Troubled Asset Relief Program.

The Clayton-based bank holding company for Enterprise Bank & Trust said earlier this year that it planned to repay TARP funds by the end of 2012, pending regulatory approval. Enterprise said today that it repurchased the preferred shares at full face value and paid $400,000 in accrued and unpaid dividends on the shares.

Read more on St. Louis Post-Dispatch.


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