ALMA, Mich., May 7, 2013 (GLOBE NEWSWIRE) -- Firstbank Corporation (Nasdaq:FBMI) announced today that it intends to redeem the remaining 17,000 shares of its outstanding Fixed Rate Cumulative Perpetual Preferred Stock, Series A (Preferred Stock) that were issued under the Troubled Asset Relief Program Capital Purchase Program. The effective date for the planned redemption is June 14, 2013. The shares are being redeemed from private investors that purchased the Preferred Stock from the United States Department of the Treasury in a modified Dutch auction in June 2012.
Firstbank Corporation Announces Planned Redemption Of All Outstanding Preferred Series A Stock
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