The Treasury Department
announced Wednesday it had sold its warrants
in TARP recipient Washington Federal Inc.
for $15.4 million.
The deal
is expected to close Monday, when Treasury's 1,707,456 warrants will sell for
$9.15 each.
Washington
Federal has 151 bank branches in Arizona, Idaho, Nevada, New Mexico,
Oregon, Texas, Utah and Washington. It received $200 million in taxpayer funds
through the Troubled Asset Relief Program in November 2008. It paid back the money
in May 2009.
The
warrants are exercisable at $17.57 per share. Trading closed Wednesday at $19.86 per
share.
This week, the Treasury also is auctioning warrants in Signature
Bank and Texas Capital Bancshares Inc.
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