UPDATE 1-First Community Bancshares repays all of TARP funds

Wed Jul 8, 2009 11:20pm BST
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July 8 (Reuters) - First Community Bancshares Inc (FCBC.O: Quote, Profile, Research) said it repaid all funds it obtained under the Capital Purchase Program from the U.S. Treasury, helped by the public offering of 5.3 million shares last month.

In a regulatory filing, First Community said the aggregate purchase price paid to the Treasury for the preferred stock was about $41.8 million, including $305,000 of accrued and unpaid dividend.

First Community Bancshares is the parent of First Community Bank and GreenPoint Insurance Group.

Shares of the Bluefield, Virginia-based company closed at $12.19 Wednesday on Nasdaq. (Reporting by Abhinav Sharma in Bangalore; Editing by Vinu Pilakkott)

 
 
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