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Article: Shore Bancshares, Inc. Completes Repurchase of Preferred Stock Under the Treasury's Capital Purchase Program.
- Article from:
- PR Newswire
- Article date:
- April 15, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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EASTON, Md., April 15 /PRNewswire-FirstCall/ -- On April 15, 2009, Shore Bancshares, Inc. completed the repurchase of all 25,000 shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, with a liquidation value of $1,000 per share, that were sold to the U.S. Department of the Treasury (the "Treasury") on January 9, 2009 pursuant to the Troubled Asset Relief Program (TARP) Capital Purchase Program. The repurchase price was $25 million, plus accrued dividends of $208,333.33. The repurchase was approved by the Treasury following consultation with and approval from the Federal Reserve Bank of Richmond and the Federal Deposit Insurance Corporation.
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Article: Shore Bancshares Reports Third Quarter and ...
PR Newswire;
October 26, 2009 ;
700+ words
... ... Md., Oct. 26 /PRNewswire-FirstCall/ -- Shore Bancshares, Inc. reported net income available to common ... associated with the sale and subsequent repurchase of preferred stock under the U.S. Department of the Treasury ...
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