meaning-sarajevo.blogspot.com
The Pendleton-based company FNFG), the parent of First Niagara has redeemedall $184 million receiveds from the preferred stock purchased by the unde the Troubled Asset Relief Program (TARP). During its seven-month investment in Firsft Niagara, the government earned more than $4.8 million in preferred stocki dividends, exclusive of any value it may realizew related to the repurchase of the warrant byFirstt Niagara, said a company statement. In April, Firsf Niagara raised $380.4 million in a follow-on stoclk offering.
Those funds, coupled with anotherd $115 million raised in October putthe “company in a stronger capital position than that whichh existed prior to the government investmenyt in November,” officials said. First Niagara management also reaffirmee its belief that itis “well positioned to withstand extremew and unprecedented economic conditions, based on even more severe economid assumptions than those used by the in last month’ss Supervisory Capital Assessment Program, or stresse tests, of the nation’s largest
No comments:
Post a Comment