PrivateBancorp (PVTB) says it's repurchased in full the warrant issued by the U.S. Department of...

|By:, SA News Editor

PrivateBancorp (PVTB) says it's repurchased in full the warrant issued by the U.S. Department of Treasury in connection with the company's participation in the TARP. The warrant was for the right to purchase 645,013 shares of common stock at $28.35 per share, and was repurchased at the mutually agreed upon price of $1.225M. Upon settlement, the Treasury has no remaining equity stake in PVTB.