F.N.B. Corp. (FNB) announced that it will fully redeem all of the preferred stock it sold to the U.S. Treasury in January 2009. The preferred stock was issued by the company to the Treasury Department pursuant to the Capital Purchase Program. The company said it is paying $100.3 million to the U.S. Treasury to redeem the preferred stock, which includes the original investment amount of $100 million plus accrued unpaid dividends of $0.3 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.