HBAN Completes its Repurchase of $1.4B in TARP Capital

Shares of Huntington Bancshares Inc. (HBAN) are higher on the session by 10 cents, currently trading at $6.80. The company today announced that it has completed the repurchase of its $1.4 billion of Series B Perpetual Preferred Stock that it issued to the U.S. Department of the Treasury under its Troubled Asset Relief Program’s (TARP) Capital Purchase Program. The repurchase was made earlier today, following last week’s successful equity and debt issuances.

Ticker day’s range: $6.75 – $6.89.

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