First Citizens Banc Corp Redeems TARP Preferred Shares
SANDUSKY, Ohio, Feb. 18, 2014
SANDUSKY, Ohio, Feb. 18, 2014 /PRNewswire/ --First Citizens Banc Corp
(NASDAQ: FCZA) ("First Citizens") announced today that it has completed the
redemption of all 23,184 of its outstanding shares of Fixed Rate Cumulative
Perpetual Preferred Stock, Series A (the "Series A Preferred Stock") for an
aggregate price of $22.9 million plus approximately $266 thousand of accrued
but unpaid dividends. The Series A Preferred Stock was originally issued by
First Citizens as part of the U.S. Department of the Treasury's Capital
Purchase Program (TARP) and was sold to private investors in September 2012.
James O. Miller, President and Chief Executive Officer, commented, "We are
pleased to have completed the redemption of all of the Series A Preferred
Stock. This represents the final step in the transition from the TARP
SOURCE First Citizens Banc Corp
Contact: James O. Miller, 888-645-4121
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