Union Bankshares Corp. (UBSH) announced that it has redeemed the Preferred Stock issued to the U.S. Department of the Treasury by repaying the $59 million it received in December 2008 under the Capital Purchase Program.
The company plans to initiate discussions with the Treasury for the repurchase of the common stock purchase warrant issued to the Treasury in December 2008.
The company has 15 days from repurchase date to determine if it will offer to repurchase the common share warrant issued to the Treasury or allow the Treasury to liquidate the warrant in the open market.
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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.