First Horizon (NYSE:FHN)
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5 Years : From Jul 2012 to Jul 2017
First Horizon National Corp. (FHN) and 1st Source Corp. (SRCE) on Wednesday repurchased warrants they received under the Treasury Department's Troubled Asset Relief Program, delivering $83.5 million to federal coffers.
First Horizon, based in Memphis, Tenn., repurchased 14.84 million warrants to purchase common stock at a strike price of $8.76 for $79.7 million in proceeds, Treasury said.
1st Source, of South Bend, Ind., repurchased 837,947 warrants at a strike price of $19.87 for $3.75 million in proceeds, Treasury said.
TARP repayments now total $287 billion of the $411 billion disbursed under the program, Treasury said.
-By Jeffrey Sparshott; Dow Jones Newswires; 202-862-9291; firstname.lastname@example.org