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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